Prior to joining ADB in 2007, Donghyun was a tenured associate professor of economics at Nanyang Technological University in Singapore. He has a PhD in economics from UCLA in the US, and his main research fields are international finance, international trade, and development economics. His research, which has been published extensively in journals and books, revolves around policy-oriented topics relevant for Asia’s long-term development, including the middle-income trap, service sector development, and financial sector development. Dr. Park plays a leading role in the production of Asian Development Outlook, ADB’s flagship annual publication.
Blogs by this Author
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US interest rate hikes: How should Asia respond?
Published on Wednesday, 14 June 2017
Urgent action is needed to reduce leverage levels in case US interest rates rise faster than expected.
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Can Asia take the next step to high-income?
Published on Friday, 09 June 2017
Moving beyond middle-income status through sustained rapid growth is the natural next step for the region.
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Can Asia reach high-income?
Published on Thursday, 18 May 2017
Total factor productivity growth in middle-income countries depends on innovation, human capital, and infrastructure.
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Are infrastructure bonds the next big thing in infrastructure financing?
Published on Tuesday, 02 May 2017
The region’s infrastructure bond market is still at a nascent stage.
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Structural change in Asia – good for growth but bad for equity?
Published on Friday, 07 October 2016
Recent empirical analysis of the nexus between productivity growth and wage inequality in several Asian economies provides new, policy-relevant evidence.
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The human dimension of population aging in Asia
Published on Thursday, 29 September 2016
In Asia’s demographic transition, let’s not forget about the elderly. The human dimension is the key to a greyer but richer and happier region.
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What drives credit spreads of PRC corporate bonds?
Published on Friday, 09 September 2016
Our empirical evidence indicates that PRC corporate bond credit spreads are significantly related to both micro and macro risk factors.
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Is the global productivity slump here to stay?
Published on Friday, 19 August 2016
It is far too early to tell whether the current global productivity slump will persist – the current pessimism may be overdone.
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What drives Asian bond yields? Inflation, both CPI and PPI
Published on Wednesday, 06 July 2016
Our empirical evidence for 9 Asian economies indicates that both CPI and PPI inflation have a direct effect on bond yields, although each matter differently depending on the country.
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Can services sustain the PRC's economic growth?
Published on Wednesday, 15 June 2016
Beijing must be far bolder if the services sector is to become a more powerful and sustainable engine of economic growth and job creation.