The Asian Economy: Constraints and Opportunities (2nd Edition)

A special issue of Economies (ISSN 2227-7099). This special issue belongs to the section "Economic Development".

Deadline for manuscript submissions: 30 November 2026 | Viewed by 827

Special Issue Editor


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Guest Editor
Strategic Research Centre, Saitama University, Saitama, Japan
Interests: economic policy; Asian economy
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Following the success of the Special Issue “The Asian Economy: Constraints and Opportunities”, we are pleased to announce its second edition.

Asian economies have long been considered to be a central driver of global growth, largely fueled by rapid industrialization and active participation in global value chains. In recent decades, however, structural changes have emerged, partly due to external shocks such as the global financial crisis (2008–2009), US–China trade conflicts, the COVID-19 pandemic, and current energy price hikes. These changes include slowbalization in place of globalization, as well as premature deindustrialization or servicification replacing traditional industrialization.

This Special Issue seeks to explore the challenges and opportunities arising from these structural transformations in Asian economies. We invite researchers and academics to submit theoretical and empirical contributions that address these themes. Submissions may include original research articles and review articles.

Prof. Dr. Hiroyuki Taguchi
Guest Editor

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Keywords

  • Asian economy
  • globalization
  • industrialization
  • global value chains
  • global financial crisis
  • trade conflicts
  • COVID-19
  • structural changes

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Published Papers (1 paper)

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Research

27 pages, 365 KB  
Article
Exploring ICT as an Engine for Sustainable Economic Growth in Central Asia
by Sobirov Yuldoshboy, Artikov Beruniy, Saburov Javokhir, Elbek Khodjaniyazov, Mamurbek Karimov, Olimjon Saidmamatov and Peter Marty
Economies 2025, 13(12), 365; https://doi.org/10.3390/economies13120365 - 11 Dec 2025
Viewed by 660
Abstract
This study investigates whether information and communication technology (ICT) constitutes a sustained driver of economic growth in four Central Asian economies—Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan—over the period 2000–2022. Using an extended endogenous growth framework, this study employs the following long-run growth model: economic [...] Read more.
This study investigates whether information and communication technology (ICT) constitutes a sustained driver of economic growth in four Central Asian economies—Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan—over the period 2000–2022. Using an extended endogenous growth framework, this study employs the following long-run growth model: economic growth is specified as a function of ICT development, gross capital formation, trade openness, human capital, government effectiveness, and inflation. A composite ICT index is constructed using Principal Component Analysis (PCA). Long-run relationships are examined using a panel cointegration approach, and long-run elasticities are estimated using FMOLS, DOLS, and CCR techniques. The results reveal that ICT development exerts a negative and statistically significant effect on economic growth in the long run, indicating limited technological absorptive capacity and insufficient institutional readiness in the region. In contrast, capital formation, trade openness, human capital, and government effectiveness positively and significantly promote growth, while inflation hampers economic performance. The findings suggest that ICT investment alone is insufficient for sustainable growth without complementary institutional strengthening, human capital development, digital skills enhancement, improved broadband quality, and governance reforms to increase the productive use of ICT. Full article
(This article belongs to the Special Issue The Asian Economy: Constraints and Opportunities (2nd Edition))
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