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of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong …
Persistent link: https://www.econbiz.de/10012474252
We examine the factors that determine the differences in ex ante returns on equities in eleven Pacific Basin countries. Our concern is whether real return differentials are primarily caused by nominal return differentials or expected changes in real exchange rates. We find that nominal return...
Persistent link: https://www.econbiz.de/10012474281
The export booms in South Korea and Taiwan starting in the early 1960s are anomalous when compared with later export … than its instigator. In economies like South Korea and Taiwan, an increase in investment required an increase in imports of …
Persistent link: https://www.econbiz.de/10012473530
Most explanations of Korea's and Taiwan's economic growth since the early 1960s place heavy emphasis on export …
Persistent link: https://www.econbiz.de/10012473935
), we survey information on outward investors from Hong Kong and Singapore with the aim of illuminating the implications of … investment by foreign firms in Hong Kong and Singapore often involves sub- stantial contributions from local staff and partners … of foreign-controlled Hong Kong or Singapore investors suggested that many of the investors were acting as part of an …
Persistent link: https://www.econbiz.de/10012472970
It is commonly argued that Japanese trade protection has enabled the nurturing and development internationally competitive firms. The results in our paper suggest that when it comes to TFP growth, this view of Japan is seriously erroneous. We find that lower tariffs and higher import volumes...
Persistent link: https://www.econbiz.de/10012471526
closely with a depreciating yen, suggesting the countries' emphasis on export promotion. The Singapore dollar, on the other …
Persistent link: https://www.econbiz.de/10012473118
To American and European economists in 1945, the countries of Asia were unpromising candidates for high economic growth. In 1950 even the most prosperous of these countries had a per capita income less than 25 percent of that of the United States. Between the mid-1960s and the end of the...
Persistent link: https://www.econbiz.de/10012467938
Taiwan was perhaps the first developing country to adopt an export-oriented trade strategy after World War II. The …. In 1954, economist S. C. Tsiang proposed that Taiwan boost export earnings rather than squeeze import spending to deal … later, a leading policymaker, K. Y. Yin, fought for the adoption of Tsiang's proposal, helping clear the way for Taiwan …
Persistent link: https://www.econbiz.de/10012629518
subcontracting. `Illegal' trade between China and Taiwan has been induced by Taiwan's `no direct trade' policy. Illegal trade such as …
Persistent link: https://www.econbiz.de/10012473253