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Park, Donghyun

Works: 119 works in 293 publications in 2 languages and 2,384 library holdings
Roles: Author, Editor, Other, Contributor
Classifications: HB3633.A3, 332.456095
Publication Timeline
Publications about Donghyun Park
Publications by Donghyun Park
Most widely held works by Donghyun Park
Pension systems in East and Southeast Asia : promoting fairness and sustainability by Donghyun Park( file )
6 editions published in 2012 in English and held by 434 libraries worldwide
East Asian economic issues ( file )
7 editions published between 1997 and 1998 in English and held by 275 libraries worldwide
Aging, economic growth, and old-age security in Asia by Asian Development Bank( Book )
9 editions published in 2012 in English and held by 165 libraries worldwide
Population aging is perhaps the single biggest economic and social obstacle confronting Asia's future. The region-wide demographic transition towards an older population is fundamentally reshaping the demographic landscape, and is giving rise to two key socio-economic challenges. This timely book provides an in-depth analysis of these challenges and presents concrete policy options for tackling them. First, the expert contributors argue, Asia must find ways to sustain rapid economic growth in the face of less favorable demographics, which implies slower growth of the workforce. Second, they contend, Asia must find ways to deliver affordable, adequate and sustainable old-age economic security for its growing elderly population. Underpinned by rigorous analysis, a wide range of concrete policy options for sustaining economic growth while delivering economic security for the elderly are then presented. These include Asia-wide policy options - relevant to the entire region - such as building up strong national pension systems, whilst other policy options are more relevant to sub-groups of countries. This stimulating and informative book will be of great interest to academics, students and researchers with an interest in Asian studies, economics generally, and more specifically, public sector economics
Pension systems and old-age income support in East and Southeast Asia : overview and reform directions by Donghyun Park( Book )
6 editions published between 2011 and 2012 in English and held by 133 libraries worldwide
Old age income support will be one of the biggest social and economic challenges facing Asia in the twenty-first century. The growing spotlight on old age income support is largely due to exceptionally rapid population aging which is fundamentally reshaping Asia's demographic profile. A young continent reaping the demographic dividend of a large youthful workforce is giving way to a greying continent where the ratio of retirees to workers is on the rise. In contrast to industrialized countries, most Asian countries do not yet have mature, well-functioning pension systems. As a result, they are
From stress to growth : strengthening Asia's financial systems in a post-crisis world by Asian Development Bank( Book )
8 editions published in 2015 in English and held by 124 libraries worldwide
"Asian financial systems, which serve the most economically dynamic region of the world, survived the global economic crisis of the last several years. In this book scholars argue in separate essays that Asian systems must strengthen their quality, diversity, and resilience to future shocks in order to deliver growth in coming years. The book examines such phenomena as the dominance of state-owned banks, the growth of nonbank lending (the so-called shadow banks), and the need to develop local bond markets, new financial centers, and stronger supervisory tools to prevent dangerous real estate asset bubbles. China's large financial system is discussed at length, with emphasis on concerns that China's system has grown too fast, that it is overly tilted toward corporate borrowing, and that state domination has led to overly easy credit to state-owned actors. Asia needs investment to improve its infrastructure and carry out technological innovation, but the book argues that the region's financial systems face challenges in meeting that need"--
Asia's energy challenge : key issues and policy options by Minsoo Lee( file )
4 editions published between 2014 and 2015 in English and held by 117 libraries worldwide
This book examines key issues and policy options of developing Asia's energy security. Rapid growth has transformed Asia's presence in the world economy. Past growth has dramatically improved Asia's living standards, lifting millions out of poverty. Future growth will do the same. But, crucially, can Asia secure the energy it needs to fuel this dramatic economic expansion? This book stresses that the threefold challenge of energy supply security, environmental sustainability, and affordable access requires a multipronged approach. The book also explains that the region must actively contain it
Inequality, inclusive growth, and fiscal policy in Asia by Donghyun Park( file )
6 editions published in 2015 in English and held by 110 libraries worldwide
"Developing Asia's sustained rapid growth has improved general living standards and lifted hundreds of millions of Asians out of poverty within a generation. Yet the region now finds itself confronting rising inequality. Countries where inequality has worsened over the past two decades collectively account for over 80% of Asia's population. As a result, governments across the region have begun to accord a higher priority to promoting more inclusive growth. The international experience, especially the experience of the advanced economies, suggests that fiscal policy can make a potent contribution to reducing inequality. This book systematically explores the relationship between both sides of fiscal policy--public spending as well as taxes and other fiscal revenues--and inequality in Asia at great depths. On the basis of the analysis, the book sets forth a number of concrete options for rendering fiscal policy a more effective tool for more inclusive growth that benefits all Asians. Inequality, Inclusive Growth and Fiscal Policy in Asia is written in response to an issue of growing demand in most Asian countries and it comes at a time when Asian governments are also beginning to use fiscal policy to bridge the glaring disparities between the rich and the poor of the region. As such, the book will be a highly valuable reference book for researchers, policy makers and students as well"--
International reserves and swap lines : substitutes or complements? by Joshua Aizenman( file )
9 editions published between 2010 and 2011 in English and held by 64 libraries worldwide
Abstract: Developing Asia experienced a sharp surge in foreign currency reserves prior to the 2008-9 crisis. The global crisis has been associated with an unprecedented rise of swap agreements between central banks of larger economies and their counterparts in smaller economies. We explore whether such swap lines can reduce the need for reserve accumulation. The evidence suggests that there is only a limited scope for swaps to substitute for reserves. The selectivity of the swap lines indicates that only countries with significant trade and financial linkages can expect access to such ad hoc arrangements, on a case by case basis. Moral hazard concerns suggest that the applicability of these arrangements will remain limited. However, deepening swap agreements and regional reserve pooling arrangements may weaken the precautionary motive for reserve accumulation
When fast growing economies slow down : international evidence and implications for China by Barry J Eichengreen( file )
7 editions published in 2011 in English and held by 62 libraries worldwide
Using international data starting in 1957, we construct a sample of cases where fast-growing economies slow down. The evidence suggests that rapidly growing economies slow down significantly, in the sense that the growth rate downshifts by at least 2 percentage points, when their per capita incomes reach around $17,000 US in year-2005 constant international prices, a level that China should achieve by or soon after 2015. Among our more provocative findings is that growth slowdowns are more likely in countries that maintain undervalued real exchange rates
Capital flows and economic growth in the era of financial integration and crisis, 1990-2010 by Joshua Aizenman( file )
8 editions published in 2011 in English and held by 61 libraries worldwide
We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and short-term debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international financial system. We look at the relationship both before and after the global crisis. Our study reveals a complex and mixed picture. The relationship between growth and lagged capital flows depends on the type of flows, economic structure, and global growth patterns. We find a large and robust relationship between FDI -- both inflows and outflows -- and growth. The relationship between growth and equity flows is smaller and less stable. Finally, the relationship between growth and short-term debt is nil before the crisis, and negative during the crisis
Growth slowdowns redux : new evidence on the middle-income trap by Barry J Eichengreen( file )
5 editions published in 2013 in English and held by 52 libraries worldwide
We analyze the incidence and correlates of growth slowdowns in fast-growing middle-income countries, extending the analysis of an earlier paper (Eichengreen, Park and Shin 2012). We continue to find dispersion in the per capita income at which slowdowns occur. But in contrast to our earlier analysis which pointed to the existence of a single mode at which slowdowns occur in the neighborhood of $15,000-$16,000 2005 purchasing power parity dollars, new data point to two modes, one in the $10,000-$11,000 range and another at $15,000-$16,0000. A number of countries appear to have experienced two slowdowns, consistent with the existence of multiple modes. We conclude that high growth in middle-income countries may decelerate in steps rather than at a single point in time. This implies that a larger group of countries is at risk of a growth slowdown and that middle-income countries may find themselves slowing down at lower income levels than implied by our earlier estimates. We also find that slowdowns are less likely in countries where the population has a relatively high level of secondary and tertiary education and where high-technology products account for a relatively large share of exports, consistent with our earlier emphasis of the importance of moving up the technology ladder in order to avoid the middle-income trap
Globalization, erosion of tax base, and the revenue potential of developing Asia's foreign exchange reserve build-up by Donghyun Park( Book )
6 editions published in 2008 in English and held by 50 libraries worldwide
Fundamentals and sovereign risk of emerging markets by Joshua Aizenman( file )
4 editions published in 2013 in English and held by 48 libraries worldwide
We empirically assess the relative importance of various economic fundamentals in accounting for the sovereign credit default swap (CDS) spreads of emerging markets during 2004-2012, which encompasses the global financial crisis of 2008-2009. Inflation, state fragility, external debt, and commodity terms of trade volatility were positively associated, while trade openness and more favourable fiscal balance/GDP ratio were negatively associated with sovereign CDS spreads. Yet the relative importance of economic fundamentals in the pricing of sovereign risk varies over time. The key factors are trade openness and state fragility in the pre-crisis period, external debt/GDP ratio and inflation in the crisis period, and inflation and public debt/GDP ratio in the post- crisis period. Asian countries enjoy lower sovereign spreads than Latin American countries, and this gap widened during and after the crisis. Trade openness was the biggest factor behind Asia's lower sovereign spreads before the crisis, and inflation during and after the crisis. The results imply that external factors were paramount in pricing sovereign risk prior to the crisis, but internal factors associated with the capacity to adjust to adverse shocks gained prominence during and after the crisis
An empirical analysis of East Asia's pre-crisis daily exchange rates by Joseph Dennis Alba( Book )
5 editions published in 2007 in English and held by 46 libraries worldwide
Could imports be beneficial for economic growth? : some evidence from Republic of Korea by Sangho Kim( Book )
8 editions published in 2007 in English and held by 45 libraries worldwide
Inflation in developing Asia : demand-pull or cost-push? by Juthathip Jongwanich( Book )
6 editions published in 2008 in English and held by 44 libraries worldwide
Beyond liquidity : new uses for developing Asia's foreign exchange reserves by Donghyun Park( Book )
10 editions published between 1464 and 2007 in English and Thai and held by 44 libraries worldwide
Productivity and employment in a developing country : evidence from Republic of Korea by Sangho Kim( Book )
4 editions published in 2008 in English and held by 43 libraries worldwide
Financial development and output growth in developing Asia and Latin America : a comparative sectoral analysis by Joshua Aizenman( file )
4 editions published in 2015 in English and held by 38 libraries worldwide
We use data from the Groningen Growth and Development Centre (GGDC) database to perform preliminary empirical analysis of the interplay between quality and quantity of finance in accounting for the output growth of ten sectors. We review the existing literature and some salient open questions pertaining to the relationship between financial depth and output growth. Our analysis looks at the finance-growth nexus in 41 economies, including 11 East Asian and 9 Latin American economies for a comparison between two regions which are at similar income levels. We document large differences between the two regions in terms of the impact of financial depth on sectoral growth, and validate the negative impact of financial deepening on output growth in several sectors. Our results suggest that the impact of financial development on growth may be non-linear - i.e. it may promote growth only up to a point
The global productivity slump common and country-specific factors by Barry J Eichengreen( file )
3 editions published in 2015 in English and held by 37 libraries worldwide
"Productivity growth is slowing around the world. In 2014, according to the Conference Board's Total Economy Data Base, the growth of total factor productivity (TFP) hovered around zero for the third straight year, down from 1 per cent in 1996-2006 and half per cent in 2007-12. In this paper the authors identify previous episodes of sharp and sustained decelerations in TFP growth using data for a large sample of countries and years. TFP slumps are ubiquitous: we find as many as 77 such episodes, depending definition, in low-, middle- and high-income countries. Low levels of educational attainment, unusually high investment rates and weak political systems are among the significant country-specific correlates of TFP slumps, while increases in risk (higher TED spreads) and energy-price shocks are among the significant global factors."--Abstract
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Alternative Names
Park Donghyun
English (123)
Thai (2)
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