Publication: Resource Misallocation and Distortions: Some Evidence from East Asia
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Date
2022-11-03
ISSN
Published
2022-11-03
Author(s)
Abstract
Developing East Asia has undergone a
dramatic transformation over the past few decades thanks to
a combination of policies that fostered outward-oriented and
labor-intensive growth, investments in basic human capital,
and sound economic governance. However, slowing growth and
shifting patterns in global trade, rapid technological
change, and evolving country circumstances present
challenges to sustaining past productivity growth and
ensuring future growth. Thus, understanding the extent of
misallocation and its drivers is an important step toward
identifying the types of policies that can improve domestic
productivity and the competitiveness of firms. This Research
and Policy Brief reviews the evidence for East Asian
countries and discusses the limitations of current
approaches to measuring misallocation.
Link to Data Set
Citation
“de Nicola, Francesca. 2022. Resource Misallocation and Distortions: Some Evidence from East Asia. Research & Policy Briefs;No. 57. © World Bank, Washington, DC. http://hdl.handle.net/10986/38264 License: CC BY 3.0 IGO.”