Showing 1 - 10 of 76
In this paper we have constructed a theoretical model in which Asian firms maximize their profit, competing with Japanese and US firms in their markets. The duopoly model is used to determine export prices and volumes in response to the exchange rate fluctuations vis-…-vis the Japanese yen and...
Persistent link: https://www.econbiz.de/10012471508
This paper analyzes the effects of the formation of a regional trade agreement on the level and nature of multinational firm activity. We examine aggregate data that captures the response of U.S. multinational firms to the formation of the ASEAN free trade agreement. Observed patterns guide the...
Persistent link: https://www.econbiz.de/10012463757
We investigate empirically the extent to which government consumption substitutes for private consumption in nine East Asia countries. Panel cointegrating regression uncovers a significantly positive elasticity of substitution between government and private consumption, implying on average...
Persistent link: https://www.econbiz.de/10012466233
integration that could support growth and poverty reduction. This could be achieved directly through coordinated exchange rate … with adoption of a common currency basket for stabilization, and with an argument for monetary integration across the … integration in practical effect. Explicit movement toward coordination could support surveillance and reserve-sharing under the …
Persistent link: https://www.econbiz.de/10012466959
We discuss recent bilateral, regional, and country trade, partnership, and economic agreements involving both ASEAN as a single entity and individual ASEAN countries (Singapore, Thailand, Malaysia) focusing on their reach beyond conventional trade in goods and services issues. What emerges is of...
Persistent link: https://www.econbiz.de/10012467453
This paper discusses the recent regional trade agreements that China has concluded rapidly following accession to the WTO in 2002. Agreements are in place with Hong Kong, Macao, ASEAN, Australia, and New Zealand, and are either in negotiation or under discussion with South Africa, Chile, India,...
Persistent link: https://www.econbiz.de/10012467695
This paper examines whether prudential policies help to reduce sovereign bond vulnerability to global spillover risk in ASEAN-4 countries (Indonesia, Malaysia, the Philippines, and Thailand). We measure sovereign vulnerability within a risk connectedness network among sovereign bonds. The direct...
Persistent link: https://www.econbiz.de/10013388833
We use 1980, 1990 and 2000 Census data to study the impact of source country characteristics on the labor supply assimilation profiles of married adult immigrant women and men. Women migrating from countries where women have high relative labor force participation rates work substantially more...
Persistent link: https://www.econbiz.de/10012464260
Persistent link: https://www.econbiz.de/10012464555
Ongoing international financial integration has greatly increased foreign asset holdings across countries, enhancing … claims to firm profits in a production economy. For a given level of international financial integration (measured by the … goods, and the persistence of shocks. Finally, moving from less to more international financial integration, risk sharing …
Persistent link: https://www.econbiz.de/10012465719