Showing 1 - 10 of 218
This paper examines the nexus between capital flows and real exchange rate (RER) in emerging Asian countries using a dynamic panel-data model for 2000–2009. In contrast to previous studies, capital flows here are separated into foreign direct investment (FDI), portfolio investment, and other...
Persistent link: https://www.econbiz.de/10008658810
misalignment could have a negative impact on export performance in developing Asia. With its implications on economic activity …
Persistent link: https://www.econbiz.de/10003817266
This paper examines the structure and direction of developing Asia's trade over the past two decades. The impacts on … developing Asia of the economic slowdown in 2009-2010 in high-income countries of the Organization for Economic Cooperation and … protectionist sentiments within developing Asia are examined. The expansion of intraregional trade in Asia reflects the role of the …
Persistent link: https://www.econbiz.de/10003845565
nonbenchmark years in the Asia and Pacific region. Collectively called 2009 PPP Update, the methods and approaches constitute an … extension of the 2005 PPP benchmark for the Asia and Pacific region, with additional data collected in 2009 and some …
Persistent link: https://www.econbiz.de/10008904665
The International Comparison Program (ICP) compares levels of economic activity and relative price levels among countries of the world. The main feature of the ICP is that it produces spatial indexes or purchasing power parities (PPPs) that allow cross-country comparison of gross domestic...
Persistent link: https://www.econbiz.de/10009547002
This paper studies how status competition for marriage partners can generate surprising effects on the real exchange rate (RER). In theory, a rise in the sex ratio (increasing relative surplus of men) can generate a decline in the RER. The effect can be quantitatively large if the biological...
Persistent link: https://www.econbiz.de/10011346264
We present a simple model of internal and external balance that incorporates the key features of resource-rich developing countries (RRDCs). The main result is that "government take", which is the ratio of fiscal resource revenue to resource output, is a key determinant of the equilibrium real...
Persistent link: https://www.econbiz.de/10013202700
impact of RER misalignment on business cycles in Asia and the Pacific by employing a panel vector autoregression involving … overvaluation may lead to a reduction in CPI inflation and short-term interest rate. We also find that Asia and the Pacific is … highly heterogeneous wherein the output gaps of some economies, particularly those in Southeast Asia, are more susceptible to …
Persistent link: https://www.econbiz.de/10012887804
This study examines the impact of capital controls using monthly information to construct higher-frequency, quarterly indexes for Malaysia during the period 2000-2008 and Thailand over the period 2000-2010 in a vector auto-regression model. The results show that restrictions in Thailand have no...
Persistent link: https://www.econbiz.de/10009127047
This paper investigates the role of “absorptive capacity” to manage unexpected shocks to their real economy, with a focus on small, open, natural resource-dependent economies. A quarterly panel data series for 45 countries is constructed, including 23 developing Asian countries for empirical...
Persistent link: https://www.econbiz.de/10011579034