Donghyun Park

Economic Advisor (Strategic Knowledge Initiatives), ADB Office of the Chief Economist and Director General, Economic Research and Development Impact Department

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 innovation, entrepreneurship, and green finance. Dr. Park plays a leading role in the production of Asian Development Outlook and Asia Bond Monitor, two major ADB flagship publications.

Market specific-factors have affected currencies in Indonesia, India, and the Philippines.

Are Asian Currencies at Risk from Currency Turmoil in Argentina, Turkey?

The region's strong fundamentals limit the risk of foreign exchange volatility.

Cynthia Castillejos Petalcorin, Donghyun Park, Shu Tian

Population aging may affect economic growth in the PRC.

Will Asia Grow Old Before it Becomes Rich?

Asian economies generally meet the conditions for a demography-driven middle-income trap, especially in East and Southeast Asia.

Joonkyung Ha, Sang-Hyop Lee, Donghyun Park

The normalization of US monetary policy has been fully anticipated.

Fed Interest Rate Hike: How Hard Will it Hit Asia?

The Fed’s rate hike won’t have much impact in emerging Asia, at least in the short term.

Donghyun Park, Shu Tian

A more volatile global economic landscape has left individual economies more vulnerable to external shocks.

The Global Financial Crisis and Middle-Income Countries

To withstand external shocks and sustain growth, middle-income countries need to get the basics right on manufacturing, currency management, and education.

Donghyun Park, Shu Tian, Gemma Estrada, Yothin Jinjarak

Janet Yellen, Chair of the US Federal Reserve.

Taper Tantrum 2.0? How Fed’s Balance Sheet Normalization Affects Asia

It’s high time for emerging Asian markets to prepare themselves for the tighter global financial conditions that Fed balance sheet normalization entails.

Donghyun Park, Arief Ramayandi, Shu Tian

Aerial view of Astana, Kazakhstan.

Is Economic Growth in Middle-Income Countries Different From Low-Income Countries?

A new ADB working paper provides insights into what factors drive growth at middle-income economies.

If the US economy grows strongly, higher rates could drive relative interest differentials in favor of the US.

US Interest Rate Hikes: How Should Asia Respond?

Urgent action is needed to reduce leverage levels in case US interest rates rise faster than expected.

Donghyun Park, Shu Tian, Arief Ramayandi

Historically it takes a typical middle-income country over half a century to reach high income.

Can Asia Reach High-Income?

Total factor productivity growth in middle-income countries depends on innovation, human capital, and infrastructure.

Donghyun Park, Abdul Abiad, Shu Tian, Gemma Estrada

More institutional investors in Asia will further spur the development of infrastructure bond markets.

Are Infrastructure Bonds the Next Big Thing in Infrastructure Financing?

The region’s infrastructure bond market is still at a nascent stage.

Donghyun Park, Shu Tian, Suk Hyun

Tea quality appraisal in a PRC factory.

Structural Change in Asia – Good for Growth But Bad for Equity?

Recent empirical analysis of the nexus between productivity growth and wage inequality in several Asian economies provides new, policy-relevant evidence.