Title A new look at the determinants of growth in Asian countries / prepared by Manuk Ghazanchyan, Janet G. Stotsky, and Qianqian Zhang

Published [Washington, D.C.] : International Monetary Fund, ©2015

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Description 1 online resource (pages) : color illustrations Series IMF working paper ; WP/15/195 IMF working paper ; WP/15/195. Summary This study examines the drivers of growth in Asian countries, with focus on the role of investment, the exchange rate regime, financial risk, and capital account openness. We use a panel data set of a sample of Asian countries over the period 1980 to 2012. Our results indicate that private and public investments are strong drivers of growth, while more limited evidence is found that reduced financial risk and higher foreign direct investment support growth. The exchange rate regime does not appear to be a strongly significant determinant of growth, but some specifications suggest that more flexible regimes are beneficial in this respect. Financial crises have a stronger dampening effect on growth in countries with more open capital accounts.--Abstract Notes "September 2015." "Asia and Pacific Department." Bibliography Includes bibliographical references (pages 21-25) Notes Online resource; title from pdf title page (IMF.org Web site, viewed September 15, 2015) Subject Economic development -- Asia -- Econometric models Investments -- Asia -- Econometric models Investments, Foreign -- Asia -- Econometric models Foreign exchange rates -- Asia -- Econometric models Financial risk -- Asia -- Econometric models Economic development -- Econometric models. Foreign exchange rates -- Econometric models. Investments -- Econometric models. Investments, Foreign -- Econometric models. Asia. Form Electronic book Author Stotsky, Janet Gale, author. Zhang, Qianqian, author. International Monetary Fund. Asia and Pacific Department. ISBN 1513524534 9781513524535 ISSN 1018-5941

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