The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia...

In last few decades, Asian production networks have contributed significantly toward the rapid trade expansion and economic growth in East Asia. Developed Asia produces technology-intensive intermediate goods and capital goods and ships them to the People Republic of China (PRC) and ASEAN for...

We examine the composition of bilateral trade between the United States and eight Asian Pacific economies from 1962 to 1992. Two complementary time series analyses of individual commodities at the SITC four-digit level indicate that significant changes occurred in trade composition during this...

This paper analyzes detailed differences in patterns of financial development across the major Asian economies, including three of the region's largest economies (China, Japan and South Korea), to understand how these differences might affect possibilities for greater regional financial...

Applicability of Wagner's hypothesis to six East Asian countries is studied for a period of nearly a half-century during which their economic growth has often been termed as a "miracle". Despite the high rates of growth in most cases, there is little indication to support the hypothesis except...

New panel data estimates for the four East Asian Tigers show that the contribution of total factor productivity (TFP) to growth is much higher than past estimates. An extended production function with learning by doing implies that TFP is about 3.5% and these countries will grow at this rate in...

Previous empirical work on the effect of government intervention on economic performance has used government spending as a proxy for intervention. This proxy is imperfect as many East Asian economies have low levels of government spending but high levels of government intervention. This paper...