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required in the world economy. In this paper, I provide an empirical characterization of the composition of GDP levels and … growth rates for the key emerging markets and other developing economies in Asia. China has by far the lowest share of … private consumption to GDP in Asia and, during this decade, has recorded the lowest rate of employment growth relative to GDP …
Persistent link: https://www.econbiz.de/10012463480
spectacular advances of the economies of China, India, and Southeast Asia. Section 1 reviews the debate over the sources of … the new recognition among Western economists that the sustained, very rapid growth in China and Southeast Asia was … rapidly expanding Asian economies on the shaping of the global economy over the next several decades …
Persistent link: https://www.econbiz.de/10012463682
We analyze the impact of China's growth on the exports of other Asian countries. Our innovation is to distinguish the increase in China's demand for imports from its increased penetration of export markets. Using the gravity model, we disaggregate among commodity types and account for the...
Persistent link: https://www.econbiz.de/10012467922
To American and European economists in 1945, the countries of Asia were unpromising candidates for high economic growth … Asia experienced vigorous economic growth, some with growth rates far exceeding the previous growth rates of the … economic growth would falter, proved to be incorrect. Growth rates will probably continue at high levels in Southeast Asia for …
Persistent link: https://www.econbiz.de/10012467938
In this paper we derive the standard error of a price index when both prices and tastes or technology are treated as stochastic. Changing tastes or technology are a reason for the weights in the price index to be treated as stochastic, which can interact with the stochastic prices themselves. We...
Persistent link: https://www.econbiz.de/10012468497
Despite an enormous literature that has analyzed the comparative experiences of Latin America and Asia in post … highest tariff barriers on earth before 1914; Asia had the lowest. Protected Latin America's belle ‚poque also boasted some of … the most explosive growth performance on earth, while Asia registered some of the worst. What brought the two regions to …
Persistent link: https://www.econbiz.de/10012469302
Asia during this century than in any other region or historical period. By introducing demographic variables into an … empirical model of economic growth, this essay shows that this transition has contributed substantially to East Asia's so …-called economic miracle. The 'miracle' occurred in part because East Asia's demographic transition resulted in its working …
Persistent link: https://www.econbiz.de/10012472544
The paper tests the Balassa-Samuelson hypothesis (rapid economic growth is accompanied by real exchange rate appreciation because of differential productivity growth between tradable and nontradable sectors) using data of the APEC economies. Japan, Korea, Taiwan and, to a lesser extent, Hong...
Persistent link: https://www.econbiz.de/10012472842
. It is conjectured that the prospects are good for the technological catchup that has taken place in South-East Asia to be … repeated elsewhere in Asia, and especially South Asia, partly in response to recent increases in openness. The role of social …
Persistent link: https://www.econbiz.de/10012473393
explaining relative growth rates in Asia, with the more open economies generally having significantly faster growth rates, even …
Persistent link: https://www.econbiz.de/10012474718