Showing 1 - 10 of 161
In this paper we have constructed a theoretical model in which Asian firms maximize their profit, competing with Japanese and US firms in their markets. The duopoly model is used to determine export prices and volumes in response to the exchange rate fluctuations vis-…-vis the Japanese yen and...
Persistent link: https://www.econbiz.de/10012471508
This paper analyzes the effects of the formation of a regional trade agreement on the level and nature of multinational firm activity. We examine aggregate data that captures the response of U.S. multinational firms to the formation of the ASEAN free trade agreement. Observed patterns guide the...
Persistent link: https://www.econbiz.de/10012463757
We investigate empirically the extent to which government consumption substitutes for private consumption in nine East Asia countries. Panel cointegrating regression uncovers a significantly positive elasticity of substitution between government and private consumption, implying on average...
Persistent link: https://www.econbiz.de/10012466233
This paper develops the basis for monetary and exchange rate coordination in Asia as part of a package of monetary integration that could support growth and poverty reduction. This could be achieved directly through coordinated exchange rate stabilization, and indirectly through the implications...
Persistent link: https://www.econbiz.de/10012466959
We discuss recent bilateral, regional, and country trade, partnership, and economic agreements involving both ASEAN as a single entity and individual ASEAN countries (Singapore, Thailand, Malaysia) focusing on their reach beyond conventional trade in goods and services issues. What emerges is of...
Persistent link: https://www.econbiz.de/10012467453
This paper discusses the recent regional trade agreements that China has concluded rapidly following accession to the WTO in 2002. Agreements are in place with Hong Kong, Macao, ASEAN, Australia, and New Zealand, and are either in negotiation or under discussion with South Africa, Chile, India,...
Persistent link: https://www.econbiz.de/10012467695
This paper examines whether prudential policies help to reduce sovereign bond vulnerability to global spillover risk in ASEAN-4 countries (Indonesia, Malaysia, the Philippines, and Thailand). We measure sovereign vulnerability within a risk connectedness network among sovereign bonds. The direct...
Persistent link: https://www.econbiz.de/10013388833
A critical impediment to research on school-to-work programs has been the absence of large representative data sets with information on such programs. In contrast, the new NLSY (NLSY97) offers researchers opportunities to analyze direct evidence on school-to-work programs. In the NLSY97,...
Persistent link: https://www.econbiz.de/10012471042
We follow the labor market outcomes of applicants who were randomized into job training a year and a half before the pandemic through the subsequent economic turmoil that resulted from COVID-19. Despite persistently improved labor market outcomes of training participants prior to March 2020, we...
Persistent link: https://www.econbiz.de/10012794593
This paper analyzes economic behavior and the effects of training and income support policies in the low wage labor market for women. The opportunity set takes account of nonlinearities and discontinuities associated with career interruption, part-time work, and government programs. There are...
Persistent link: https://www.econbiz.de/10012477032