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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/10012763463
of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong …
Persistent link: https://www.econbiz.de/10013233017
closely with a depreciating yen, suggesting the countries' emphasis on export promotion. The Singapore dollar, on the other …
Persistent link: https://www.econbiz.de/10013246656
effects on imports can also occur. These models when calibrated to 1995 data for Vietnam also suggest quantitatively much …
Persistent link: https://www.econbiz.de/10013219690
Vietnam in the 1990s. Greater market integration, at least in this case, appears to be associated with less child labor. Our …
Persistent link: https://www.econbiz.de/10013224173
This paper evaluates a possible US-SACU (Southern African Customs Union) free trade agreement as part of a US approach to new preferential trade agreements characterized by the term competitive liberalization.' This is the idea that competition among large countries (US/EU) to negotiate...
Persistent link: https://www.econbiz.de/10013324133
that despite many outward similarities, two of the most successful Southeast Asian economies, Taiwan and South Korea … Taiwan and identify a number of systematic differences in industry structure between the two countries. Our empirical … producers. These patterns are consistent with strong competitive pressures in Taiwan that lead to market selection based on …
Persistent link: https://www.econbiz.de/10013114763
break for Taiwan. They also differ from those results of Jwa (1994) indicating two temporary openings for Korea. Greater …
Persistent link: https://www.econbiz.de/10012774969
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/10013217208
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/10013218320