Publications

Global inflationary pressures could eventually ease because long-term inflation expectations are well anchored, but the outlook varies markedly and in some developing economies high inflation is likely to last longer mainly affected by factors such as rising food prices and currency depreciation.

The 2021 visiting fellow Sobir Kurbanov researched how Fergana Valley can drive economic prosperity and growth for the entire Central Asia.

The 2021 CAREC Institute visiting fellow Teresita Cruz-del Rosario, Research Associate at the Asia Research Institute at the National University of Singapore, studied the relationship between investments in health and education and regional cooperation and integration (RCI) outcomes through a comparative study of the performance of countries in the CAREC and ASEAN subregions.

Under the CAREC Think Tanks Network (CTTN) Research Grant Program, a team of researchers - Asif Razzaq, Fareeha Adil, Hui An – analyzed if the increased international trade and investment produce technology spillovers for host economies, and whether the PRC, as an emerging economy, has enough technical capabilities to produce technology spillovers for developing or underdeveloped host countries, and what is the role of technology gap to realize these spillovers.

Wang Yue and Yan Binyang from Renmin University analyzed trade efficiency and influencing factors in CAREC (using the stochastic frontier gravity model) and found that Central Asian countries have insufficient regional cooperation in trade.

The findings show that CAREC-WC (CAREC without the PRC) has a higher comparative advantage in labor- and resource-intensive manufacturing sectors, which explains the overdependence of these countries on few export industries.

In the paper, the GMS and CAREC economies are juxtaposed not only for having comparable states of development but also for their past socialist influence, reliance on state-owned enterprises (SOEs), and generally underdeveloped entrepreneurship.

Spanning from the People’s Republic of China through Central Asian countries along the Caspian Sea to Europe, the Trans-Caspian Corridor is an increasingly important channel for transportation and cross-border trade.

This Economic Brief provides data on demography, employment, GDP, and the external sector that show that without international support Afghanistan is likely to suffer severe shortages in all spheres.