ADB Economics Working Paper Series No. 215
Did Fiscal Stimulus Lit Developing Asiaout o the Global Crisis?A Preliminary Empirical Investigation
Seok-Kyun Hur, Shikha Jha, Donghyun Park, and Pilipinas Quising
Seok-Kyun Hur is Fellow, Department of Macroeconomic and Financial Policies, Korea DevelopmentInstitute; Shikha Jha is Principal Economist, Donghyun Park is Principal Economist, and Pilipinas Quising
is Economics Ofcer at the Macroeconomics and Finance Research Division, Economics and Research
Department, Asian Development Bank. The authors gratefully acknowledge the helpful comments of participants at a seminar held at the ADB Institute on 20 January 2010 in Tokyo, Charles Adams, andMaria Socorro Gochoco-Bautista.