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The Fiscal Burden of Korean Reunification : A Generational Accounting Approach

Auerbach, Alan J.; Chun, Young Jun; Yoo, Ilho - 2021

This paper uses Generational Accounting to assess the fiscal impacts of Korean reunification. Our findings suggest that early reunification will result in a large increase in the fiscal burden for most current and future generations of South Koreans. The Korean reunification's fiscal impact...

Persistent link: https://www.econbiz.de/10013212374

Did the Malaysian Capital Controls Work?

Kaplan, Ethan; Rodrik, Dani - 2021

Malaysia recovered from the Asian financial crisis swiftly after the imposition of capital controls in September 1998. The fact that Korea and Thailand recovered in parallel has been interpreted as suggesting that capital controls did not play a significant role in facilitating Malaysia's...

Persistent link: https://www.econbiz.de/10013235866

East Asian Financial and Economic Development

Morck, Randall - 2017

Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the 1930s. South Korea, among the world's poorest countries in the 1960s, joined the ranks of First World economies in little over a single generation. China now seems poised to follow...

Persistent link: https://www.econbiz.de/10012947025

Are Commodity Futures Prices Barometers of the Global Economy?

Hu, Conghui - 2013

This paper analyzes whether commodity futures prices traded in the United States reveal information relevant to stock prices of East Asian economies including China, Japan, Hong Kong, South Korea, and Taiwan. We find significant and positive predictive powers of overnight futures returns of...

Persistent link: https://www.econbiz.de/10013071915

Trade Strategy, Investment, and Exports : Another Look at East Asia

Rodrik, Dani - 2021

in investment. This paper offers an argument and a formal model to suggest that exports in East Asia may have been driven …

Persistent link: https://www.econbiz.de/10013217208

Recovery and Sustainability in East Asia

Pak, Yŏng-chŏl; Lee, Jong-Wha - 2021

This paper analyzes the macroeconomic adjustment from the crisis in East Asia in a broad international prospective. The … currency crisis episodes. However, the degree of initial contraction and following recovery has been far greater in East Asia … than what the cross-country evidence predicts. This paper argues that the sharper adjustment pattern in East Asia is …

Persistent link: https://www.econbiz.de/10013227193

Current Account Sustainability : Selected East Asian and Latin American Experiences

Milesi-Ferretti, Gian Maria; Razin, Asaf - 2021

A number of developing countries have run large and persistent current account deficits in both the late seventies/early eighties and in the early nineties, raising the issue of whether these persistent imbalances are sustainable. This paper puts forward a notion of current account...

Persistent link: https://www.econbiz.de/10013230779

Exports and Manufacturing Productivity in East Asia : A Comparative Analysis with Firm-Level Data

Hallward-Driemeier, Mary; Iarossi, Giuseppe; Sokoloff, … - 2021

This paper uses new firm level data from five East Asian countries to explore the patterns of manufacturing productivity across the region. One of the striking patterns that emerges is how the extent of openness and the competitiveness of markets affects the relative productivity of firms across...

Persistent link: https://www.econbiz.de/10013232143

The Tyranny of Numbers : Confronting the Statistical Realities of the East Asian Growth Experience

Young, Alwyn - 2021

exports in the newly industrializing economies of East Asia is virtually unprecedented, the growth of total factor …

Persistent link: https://www.econbiz.de/10013233017

Economic Growth in East Asia Before and after the Financial Crisis

Barro, Robert J. - 2021

the 1997-98 crisis in east Asia. The broader analysis found no evidence that financial crises had effects on growth that …

Persistent link: https://www.econbiz.de/10013234923