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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/10013117048
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/10013157915
Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will … substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there …
Persistent link: https://www.econbiz.de/10013045644
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/10013215702
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/10013225046
explaining relative growth rates in Asia, with the more open economies generally having significantly faster growth rates, even …
Persistent link: https://www.econbiz.de/10013248251
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/10013213056
be more different. Common wisdom has it that on impact Asia endured fiscal austerity imposed by the IMF whereas the IMF … different policies to begin with, the fiscal adjustment in Asia was far more modest than is commonly known and the switch from …
Persistent link: https://www.econbiz.de/10013060259
. 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/10013311635
We use data from the Groningen Growth and Development Centre (GGDC) database to perform preliminary empirical analysis of the interplay between quality and quantity of finance in accounting for the output growth of ten sectors. We review the existing literature and some salient open questions...
Persistent link: https://www.econbiz.de/10013029019