The proposed TA will conduct research studies to understand how economies can better achieve economic resilience. Building on the analytical framework of Park, Ramayandi, and Shin (2015), it will explore the determinants of economic resilience at the country level and identify those factors that have the biggest role in resilience in the face of shocks. It will uncover why some economies are more resilient than others. It is also important to understand if the determinants of resilience differ for various types of shocks. For instance, do they differ for financial shocks, real sector shocks, and pandemics?
The TA will also include an analysis of the key drivers of energy efficiency and renewable energy investment, which can help reduce vulnerability to shocks from reliance to external sources. Overall, government policies have a key role to play in building resilience against shocks. There is a need to identify concrete macroeconomic policies, financial-sector policies, and structural policies that governments can put in to place to boost resilience.
ADB Team Leader:
Donghyun Park - Principal Economist, Economic Research and Regional Cooperation Department
No contacts available at the time of disclosure.
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