Total Factor Productivity; Economic Growth; Capital Stock, Land Rents; Growth Decomposition; Urban Economics; Population Density; Diminishing Returns to Scale; Technological Progress; Singapore

Articles in this issue address topics that include the economics of investing in COVID-19 vaccines, and the impacts of finance and of population aging on Asia’s economic growth.

This brief recommends reforms to increase potential GDP growth. These include improving the allocation of capital and credit in the economy, increasing the quality of education, and introducing policy measures to mitigate the adverse impact of demographic aging on the labor force and to lift total factor productivity.

This paper looks at the potential for a silver dividend for economic growth in aging societies as people live and work longer. It examines data from both high- and lower-income economies.