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educational attainment, especially at the secondary level, has significantly improved emerging Asia's educational achievement … educational expenditures account for higher educational enrollment. But Asia's average years of schooling are forecast to increase … put emerging Asia's educational capital in 2030 at only the 1970 level of the advanced countries, or still 3.5 years …
Persistent link: https://www.econbiz.de/10013138114
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/10013138146
Motivated by the literature on the finance – growth nexus, this paper explores the mechanisms through which finance affects corporate investments and capital accumulation. We separate the effects of financial conditions from those of financial development. Based on a sample of firms from five...
Persistent link: https://www.econbiz.de/10013082237
This paper examines the effectiveness of capital account policy in terms of its ability to affect the volume and composition of capital flows, relieve pressures on real exchange rates, and foster monetary policy independence. Ten emerging Asian economies are used as case studies to assess the...
Persistent link: https://www.econbiz.de/10012835375
Persistent link: https://www.econbiz.de/10012986575
The paper examines the relationship between cross-border mergers and acquisitions (M&A) and financial development in emerging Asian economies. Bilateral data of cross-border M&A for nine emerging Asian economies during 2000-2009 are analyzed with a sample selection model and panel data model....
Persistent link: https://www.econbiz.de/10013127048
Using the “trilemma indexes” developed by Aizenman et al. (2008) that measure the extent of achievement in each of the three policy goals in the trilemma — monetary independence, exchange rate stability, and financial openness — this paper examines how policy configurations affect...
Persistent link: https://www.econbiz.de/10013142882
Although a latecomer, economically important Asia has emerged at the forefront of global free trade agreement (FTA … encourage a regionwide FTA. Political economy considerations suggest that a likely scenario is for FTA consolidation in Asia …
Persistent link: https://www.econbiz.de/10013135317
The purpose of this paper is to inform the contemporary policy debate on promoting trade among developing countries (South-South trade) by analyzing trade patterns of developing Asian economies from a comparative global perspective. The paper begins with a stage-setting historical overview of...
Persistent link: https://www.econbiz.de/10013121251
This paper analyzes the effects of the current trade conflict on developing Asia using the Asian Development Bank …)–People's Republic of China (PRC) trade conflict would shave 1% off PRC GDP and 0.2% off US GDP. The rest of developing Asia could see …
Persistent link: https://www.econbiz.de/10012892021