Showing 1 - 10 of 82
The World Bank's The East Asian Miracle: Economic Growth and Public Policy makes official what East Asian specialists had long known: most of the high-performing Asian economies have had extensive government intervention, and some of these interventions, in the areas of credit and exports, have...
Persistent link: https://www.econbiz.de/10005666652
After the large exchange rate depreciations following the 1997 East Asian crisis, export volumes from East Asian countries responded with a notable lag. Two main explanations for this lag have been proposed: that contraction in domestic credit affected supply of exports; and that ‘competitive...
Persistent link: https://www.econbiz.de/10005666982
The paper argues that East Asian regionalism is fragile since (i) each nation's industrial competitiveness depends on the smooth functioning of 'Factory Asia' - in particular on intra-regional trade; (ii) the unilateral tariff-cutting that created 'Factory Asia' is not subject to WTO discipline...
Persistent link: https://www.econbiz.de/10005791727
East Asia has rapidly become the third centre of gravity for global economic activity. North America is relatively well integrated with East Asia, but Europe is not. This paper explores the extent to which economic growth and trade policy developments over the next decade or so will strengthen...
Persistent link: https://www.econbiz.de/10005123497
The controversy over the appropriate partitioning of East Asian growth into accumulation versus technical change has overlooked a fundamental indeterminacy in measurement. As a result, we cannot rule out the possibility that East Asia has in fact experienced a tremendous amount of technological...
Persistent link: https://www.econbiz.de/10005124261
The export booms in South Korea and Taiwan starting in the early 1960s are anomalous when compared with later export booms in other, non-East Asian countries such as Chile and Turkey. First, these booms have taken place in the context of comparatively small changes in relative prices in favour...
Persistent link: https://www.econbiz.de/10005661548
This paper explores to what extent the magnitude and speed of the contagion effects that materialized in East Asia in the second half of 1997 may have had "real" underpinnings, in the sense that the pattern of production, consumption and trade increased the vulnerability of East Asian countries...
Persistent link: https://www.econbiz.de/10005661909
product and in labour markets, in the determination of sectoral employment growth in Italy during the last forty years (1951 …
Persistent link: https://www.econbiz.de/10005666840
This paper uses comparative statistics in a simple three-period overlapping generations model to show that any pay-as-you-go mechanism for public retirement pensions, when adopted in a dualistic economic system, penalises the most dynamic demographic groups, i.e., the <MI>developing<D> rather than the...</d></mi>
Persistent link: https://www.econbiz.de/10005791243
We look at the role of the financial sector in the context of the relatively backward regions of Southern Italy (the so … considerably riskier than those elsewhere in Italy. It also indicates, however, that risk accounts for only half of the 200 basis … and argue that Southern banks tend to perform their screening function less efficiently than banks in the rest of Italy …
Persistent link: https://www.econbiz.de/10005123529