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Factor-endowment based trade with the leading economy helps to explain the differing development performances of the Americas and East Asia in the past two centuries. Between 1830 and 1945, labor-abundant Britain, the most advanced country, traded heavily with land-abundant countries in the...
Persistent link: https://www.econbiz.de/10005062412
East Asia is one of the most important areas of tropical forests worldwide. Considerable concern has arisen that the East Asian economic crisis would result in a further worsening of the already high pressures experienced by the region’s forests. This report examines the available evidence on...
Persistent link: https://www.econbiz.de/10005062475
East Asian nations are currently undertaking the future development of an economic community by creating a viable framework for closer cooperation and deeper integration. However, the intractable problem is that there are a lot of diversities and heterogeneity that have prevented the East Asian...
Persistent link: https://www.econbiz.de/10005408050
Although most CIS and East Asian countries are de jure classified as free floaters, they de facto pursue (tight) dollar pegs. This paper emphasizes dollar denomination of short-term and long-term payment flows as reasons for exchange rate stabilization. Based on the analysis of ifcompetitive...
Persistent link: https://www.econbiz.de/10005556605
This paper shows that many East Asian firms are significantly exposed to foreign exchange risk. Their exposure appears to be much more widespread than is typical for the large, western industrialized economies. The paper also shows that exchange rate pegs appear to do little to alleviate this...
Persistent link: https://www.econbiz.de/10005556652
China’s growing demand for oil is significantly changing the international geopolitics of energy, especially in the Asian Pacific region. The recent growth in oil consumption, combined with forecasts of increased oil imports (especially from the Middle East), have led to deep concern among...
Persistent link: https://www.econbiz.de/10005118931
Asia has emerged as the balancing wheel of global finance. The countries of Asia now account for 70 per cent of global foreign exchange reserves, compared to only 30 percent in 1990 and 21 per cent in the early 1970s. This paper explores theoretical interpretations for the relatively high demand...
Persistent link: https://www.econbiz.de/10005119482
Yen-dollar fluctuations increase macroeconomic instability in small economies in East Asia. I investigate the choice of an exchange rate regime for these countries so as to minimize the adverse effects of this volatility. I build a sticky-price dynamic model of a small economy whose trade is...
Persistent link: https://www.econbiz.de/10005119497
Productivity were the Essence of the Administrative strategy of Mrs. Indira Gandhi (Late Prime Minister of India). These approaches …
Persistent link: https://www.econbiz.de/10005076600
This work attempts to shed light on the “information technology productivity paradox”. Employing a large data set of … Italian manufacturing firms we compute ICT marginal productivity across different cluster of firms and the impact of …/introduction behaviour and firm’s technological investment aptitude have any role in explaining ICT productivity. We find that low capital …
Persistent link: https://www.econbiz.de/10005076878