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The Causal Relationship between Trade and FDI : Implication for India and East Asian Countries
Cho, Choongjae - East Asian Bureau of Economic Research (EABER) - 2013
This study tries to find the causal relationship between bilateral trade and FDI in India and East Asian countries … Singapore’s trade and FDI with India have been rapidly increasing, but the causal relationship between trade and FDI could not … be found, contrary to expectations. The relationship between trade and FDI in the US, the UK and Germany with India …
Persistent link: https://www.econbiz.de/10011278096
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Underpriced Default Spread Exacerbates Market Crashes
Koh, Winston T.H.; Mariano, Roberto S.; Pavlovb, Andrey; … - East Asian Bureau of Economic Research (EABER) - 2006
In this paper, we develop a specific observable symptom of a banking system that underprices the default spread in non-recourse asset-backed lending. Using three different data sets for 18 countries and property types, we find that, following a negative demand shock, the underpricing economies...
Persistent link: https://www.econbiz.de/10009363811
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Trans-Pacific Economic Relations and US-China Business Cycles : Convergence within Asia versus US Economic Leadership
Hallett, Andrew Hughes; Richter, Christian - East Asian Bureau of Economic Research (EABER) - 2011
This paper tests the hypothesis that the links and leadership/dependency relationships between the People’s Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use...
Persistent link: https://www.econbiz.de/10009653145
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Trans-Pacific Economic Relations and US-China Business Cycles : Convergence within Asia versus US Economic Leadership
Hallett, Andrew Hughes; Richter, Christian - East Asian Bureau of Economic Research (EABER) - 2011
This paper tests the hypothesis that the links and leadership/dependency relationships between the People’s Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use...
Persistent link: https://www.econbiz.de/10009653176
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REVENUE-EXPENDITURE NEXUS FOR SOUTHERN STATES : SOME POLICY ORIENTED ECONOMETRIC OBSERVATIONS
Chaudhuri, Kausik; Sengupta, Bodhisattva - East Asian Bureau of Economic Research (EABER) - 2009
The paper examines the temporal relationship between revenues and expenditures for the four southern states during 1980 to 2005. Using an error-correction model and Granger causality test, it finds that the taxspend hypothesis is supported by the analsysis. The spend-tax hypothesis is valid for...
Persistent link: https://www.econbiz.de/10009363317
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Exchange Rate Exposure of Sectoral Returns and Volatilities : Evidence from Japanese Industrial Sectors
Jayawickrama, Ananda; Abeysinghe, Tilak - East Asian Bureau of Economic Research (EABER) - 2007
Most studies of exchange rate exposure of stock returns do not address three relevant aspects simultaneously. They are, namely : sensitivity of stock returns to exchange rate changes; sensitivity of volatility of stock returns to volatility of changes in foreign exchange market; and the...
Persistent link: https://www.econbiz.de/10009363774
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Econometric Analysis of Continuous Time Models : A Survey of Peter Phillips’ Work and Some New Results
Yu, Jun - East Asian Bureau of Economic Research (EABER) - 2009
Econometric analysis of continuous time models has drawn the attention of Peter Phillips for nearly 40 years, resulting in many important publications by him. In these publications he has dealt with a wide range of continuous time models and econometric problems, from univariate equations to...
Persistent link: https://www.econbiz.de/10009363781
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Time-Varying Currency Betas : Evidence from Developed and Emerging Markets
Jayasinghe, Prabhath; Tsui, Albert K. - East Asian Bureau of Economic Research (EABER) - 2009
This paper examines the conditional time-varying currency betas from five developed markets and four emerging markets. A trivariate BEKK-GARCH-in-mean model is used to estimate the timevarying conditional variance and covariance of returns of stock index, the world market portfolio and changes...
Persistent link: https://www.econbiz.de/10009363801
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Explosive Behavior in the 1990s Nasdaq : When Did Exuberance Escalate Asset Values?
Philips, Peter C.B.; Wu, Yangru; Yu, Jun - East Asian Bureau of Economic Research (EABER) - 2009
discriminatory power in detecting periodically collapsing bubbles, thereby overcoming a weakness in earlier applications of unit root … tests for economic bubbles. An empirical application to Nasdaq stock price index in the 1990s provides conOrmation of ex …
Persistent link: https://www.econbiz.de/10009363816
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Capital Inflows, Inflation and Exchange Rate Volatility : An Investigation for Linear and Nonlinear Causal Linkages
Rashid, Abdul; Husain, Fazal - East Asian Bureau of Economic Research (EABER) - 2010
Since the early 1990s, there is an upsurge in foreign capital flows to developing economies, particularly into emerging markets. One view argues that capital inflows do help to increase efficiency, a better allocation of capital and to fill up the investment-saving gap. Adherents to that view...
Persistent link: https://www.econbiz.de/10009363920