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We construct a dynamic general equilibrium model of foreign direct investment (FDI) and foreign technology adoption, incorporating adoption barriers, international technology spillover, and relative price advantages. A higher FDI conversion efficacy, a lower adoption barrier, or a stronger...
Persistent link: https://www.econbiz.de/10014250176
This paper develops a structural VAR model to measure how a shock to one country can affect the GDP of other countries. It uses trade linkages to estimate the multiplier effects of a shock as it is transmitted through other countries' output fluctuations. The paper introduces a new specification...
Persistent link: https://www.econbiz.de/10012470116
This paper documents and compares the trade performance of the major Asian economies both during and following the 2008 financial crisis. We consider China, India, Thailand, Malaysia, South Korea, Japan, Singapore and Chinese Taiwan. We access separate country data files giving monthly trade...
Persistent link: https://www.econbiz.de/10012462514
We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the pre-crisis destinations of firms' exports. Because the shocks were unanticipated and large, they are a plausible instrument for...
Persistent link: https://www.econbiz.de/10012464017
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/10012467922
Persistent link: https://www.econbiz.de/10001350731
Of great importance to the future World economy is the future labor force of Asia, as Asia is by far the most populous … between Asia and selected other regions and aggregates are also included. Gini human capital coefficients are constructed for … regions in Asia and the selected other regions and aggregates are constructed to reinforce the importance of recognizing …
Persistent link: https://www.econbiz.de/10014337769
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/10012470587
optimal exchange rate regime is quite relevant in Asia. The novelty of this paper is to show how an emerging market economy …
Persistent link: https://www.econbiz.de/10012470729
This paper proposes a new approach to evaluate contagion in financial markets. Our measure of contagion captures the co-incidence of extreme return shocks across countries within a region and across regions that cannot be explained by linear propagation models of shocks. We characterize the...
Persistent link: https://www.econbiz.de/10012470824