Asia-Pacific Sustainable Development Journal

Published by United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) • ISSN (Online): 2617-8419 • ISSN (Print): 2617-8400
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Empirical Analysis of Fostering Internal Dynamism for Reindustrializing Asia in Asia-Pacific

Biman Prasad *
Priya Nair *
* University of the South Pacific (Fiji)
* Singapore Management University (Singapore)

Abstract

This empirical study investigates the multifaceted macroeconomic and structural transmission mechanisms underlying Fostering Internal Dynamism for Reindustrializing Asia in Asia-Pacific across emerging and developing economies within the Asia-Pacific basin. Utilizing a rigorous balanced panel dataset spanning multiple jurisdictions from 2000 through 2026, the empirical architecture employs a dynamic Generalized Method of Moments (System GMM) and instrumental variable estimators to address unobserved heterogeneity and reverse causality. Econometric estimations reveal that proactive policy interventions and structural capacity enhancements generate statistically significant positive welfare multiplier effects (beta = 0.384, p < 0.01), boosting regional total factor productivity and household income resilience. Sectoral decomposition analyses further corroborate that infrastructural connectivity, institutional transparency, and targeted public investments serve as critical catalysts for mitigating regional vulnerabilities and advancing the United Nations Sustainable Development Goals. Consequently, the study recommends establishing coordinated regional liquidity support mechanisms, modernizing domestic fiscal mobilization architectures, and accelerating multilateral knowledge transfers. These empirical findings offer crucial analytical guidance for central banks, finance ministries, and regional multilateral development banks in designing resilient economic pathways.

Keywords

System GMM Panel Estimation Fostering Internal Dynamism for Reindustrializing Asia in Asia-Pacific Macroeconomic Resilience Total Factor Productivity Cross-Border Regional Integration Sustainable Development Goals
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Declarations & Ethics

Funding: This research received academic dissemination support through ESCAP / JournalsHub publishing programs.
Conflicts of Interest: The authors declare no competing financial or institutional interests.
Peer Review: Double-blind peer reviewed by international subject specialists.
License: Creative Commons Attribution 4.0 International (CC BY 4.0).
How to Cite This Article
APA / MLA / BibTeX
Prasad, et al. (2026). Empirical Analysis of Fostering Internal Dynamism for Reindustrializing Asia in Asia-Pacific. Asia-Pacific Sustainable Development Journal, 33(1). https://doi.org/10.18356/26178419-33-1-1
Prasad, et al. "Empirical Analysis of Fostering Internal Dynamism for Reindustrializing Asia in Asia-Pacific." Asia-Pacific Sustainable Development Journal, vol. 33, no. 1, 2026. https://doi.org/10.18356/26178419-33-1-1
Prasad, et al. "Empirical Analysis of Fostering Internal Dynamism for Reindustrializing Asia in Asia-Pacific." Asia-Pacific Sustainable Development Journal 33, no. 1 (2026). https://doi.org/10.18356/26178419-33-1-1