Asia’s Growth and Development

Other Topics: Inclusive Growth and Employment •• Problems Estimating Aggregate Production Functions, Growth Accounting and Total Factor Productivity •• Structural Transformation


  • Development and Modern Industrial Policy in Practice: Issues and Country Experiences. Forthcoming 2015. Edward Elgar.

Refereed Publications


  • “Middle-Income Transitions: Trap or Myth? (with U. Kumar and R. Galope). Journal of the Asia Pacific Economy. Vol.22, Issue 3: 429-453.
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  • “Deindustrialization? A Global Perspective” (with A. Mehta). Economics Letters. 149: 148-151. Download .pdf
  • “The declining share of agricultural employment in China:How fast?” (with Connie Bayudan-Dacuycuy and Matteo Lanzafame). Structural Change and Economic Dynamics, Vol. 37 (June 2016): 127-137. Download .pdf


  • “Why has China succeeded? And why it will continue to do so” (with Utsav Kumar, Norio Usui and Arnelyn Abdon). Cambridge Journal of Economics. Vol.37, No. 4 (July): 791-818. Download .pdf
  • “Exports, Capabilities, and Industrial Policy in India” (with Utsav Kumar and Arnelyn Abdon). Journal of Comparative Economics. Vol. 41, Issue 3 (August): 939-956. Download .pdf


  • “The Role of Trade Facilitation in Central Asia: A Gravity Model” (with Utsav Kumar). Eastern European Economics. Vol. 50, No. 4 (July-August): 5-20. Download .pdf


  • “Some Caveats Modeling Technical Progress and Investment: The Case of China” (with JSL McCombie). Journal of International Commerce, Economics and Policy, Vol. 2, No. 2: 305-324. Download .pdf
  • “Exploring the Philippine Economic Landscape and Structural Change Using the Input-Output Framework” (with Nedelyn Magtibay-Ramos and Gemma Estrada). International Journal of Development Issues , Vol. 10, No. 1: 34-59. Download .pdf


  • “Is Pakistan’s Growth Rate Balance-of-Payments constrained? Policies and Implications for Development and Growth” (with JSL McCombie and Kaukab Naqvi). Oxford Development Studies, Vol.38 No. 4 (December): 477-496. Download .pdf


  • “Does Pakistan need to adopt inflation targeting? Some Questions” State Bank of Pakistan Research Bulletin, Vol.5, No.1 (May): 113-162. Download .pdf
  • “Sectoral Engines of Growth in Developing Asia : Stylized Facts and Implications” (with Miguel León-Ledesma, Matteo Lanzafame and Gemma Estrada). Malaysian Journal of Economic Studies 46 (2): 107-133. Download .pdf


  • “Benchmarking Developing Asia’s Manufacturing Sector” (with Gemma Estrada). International Journal of Development Issues, Vol.7, No.2: 97-119. Download .pdf
  • “An Input–Output Analysis of the Philippine BPO Industry” (with Nedelyn Magtibay-Ramos and Gemma Estrada). Asian-Pacific Economic Literature, Vol. 22 Issue 1 (May): 41-56 Download .pdf
  • “The Diverging Patterns of Profitability, Investment and Growth of China and India, 1980-2003.” (with Editha Laviña and Emma Xiaoqin Fan). World Development, Vol.36, No.3 (May): 741-774 Download .pdf
  • “What Policymakers should know about Total Factor Productivity.” Malaysian Journal of Economic Studies. Vol. 45 No.1. (June): 1-19. Download .pdf


  • “A cautionary note on the interpretation of unit labor costs as an indicator of competitiveness, with reference to the Philippines .” Philippine Journal of Development, No.63, Vol.XXXIV, No.2: pp.1-23. Download .pdf


  • “A Decade of Debate about the Sources of Growth in East Asia: How much do we know about why some countries grow faster than others?” Estudios de Economía Aplicada, Vol. 24-1 (April): pp.181-220. Download .pdf
  • “Asia’s Current Account Surplus: Savings Glut or Investment Drought? (with Kristine Kintanar and Joseph Lim). Asian Development Review, Vol.23, No.1: 16-54. Download .pdf


  • “Export or Domestic-Led Growth in Asia?” (with Joseph Lim). Asian Development Review, Vol.22, No.2: pp.35-75. Download .pdf


  • “To Measure or Not to Measure TFP Growth? A reply to Mahadevan” (with JSL McCombie). Oxford Development Studies, Vol.32, No.2 (June): 321-327. Download .pdf


  • “Some Methodological Problems with the Neoclassical Analysis of the East Asian Miracle.” (with JSL McCombie). Cambridge Journal of Economics, Vol.54, No.5 (August): 695-721. Download .pdf


  • “Productivity in China before and after 1978 revisited” (with JSL McCombie). Zagreb International Review of Economics and Business, Vol.5, No.1 (May): 17-43. Download .pdf


  • “Biased Technical Change, Growth Accounting, and the Conundrum of the East Asian Miracle.”(with JSL. McCombie). Journal of Comparative Economics, Vol.29, No.3 (September): 542-565. Download .pdf


  • “On the Myth and Mystery of Singapore’s ‘Zero TFP’.” Asian Economic Journal, Vol.14, No.2 (June): 187-209. Download .pdf
  • “Convergence, Catch-Up, and Growth Sustainability in Asia: Some Pitfalls.” Oxford Development Studies, Vol.28, No.1 (February): 51-69. Download .pdf


  • “Total Factor Productivity Growth in East Asia: A Critical Survey.” The Journal of Development Studies, Vol.34, No.5 (April): 1-41. Download .pdf


  • “The Role of the Manufacturing Sector in Southeast Asian Development: A Test of Kaldor’s First Law.” Journal of Post Keynesian Economics, Vol.20, No.3 (Spring): 463-85. Download .pdf

Invited Articles, Non-Refereed, and Book Chapters


  • “A Reassessment of the use of Unit Labor Costs as a tool for competitiveness and policy analyses in India” (with Utsav Kumar). Economic and Political Weekly, Vol. XLVI, No. 40 (October): 66-70.Download .pdf
  • “That Elixir called Productivity: Implications for Singapore.” Ethos, Issue 9 (June):35-41. Download .pdf