prices of East Asian economies including China, Japan, Hong Kong, South Korea, and Taiwan. We find significant and positive …

over a single generation. China now seems poised to follow a similar trajectory. All three cases highlight the importance …

Asia countries. Panel cointegrating regression uncovers a significantly positive elasticity of substitution between … government and private consumption, implying on average government and private consumption are substitutes in East Asia. Country …-by-country analysis, however, reveals diversity in the substitutability estimates. The four North East countries %u2013 China, Hong Kong …

currencies. We use an AMU (Asian Monetary Unit), which is a weighted average of ASEAN10 plus 3 (Japan, China, and Korea … of the effective exchange rates as more countries applied the AMU peg system in East Asia. Second, the AMU peg system …

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 …

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 …