JESUS FELIPE is a Senior Economist with the Macroeconomics and Finance Research Division of the Economics and Research Department of the Asian Development Bank (Manila, Philippines). He is also a Research Associate at the Centre for Applied Macroeconomic Analysis (CAMA), Australian National University, Australia; and at the Cambridge Centre for Economic & Public Policy, University of Cambridge, UK. He works on issues relating to long-run growth in Asia, and specializes in productivity measurement and technological progress. His research interests spread across areas such as growth (especially