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In the last decade, East Asia has engaged in constructing numerous mechanisms to enhance regional cooperation in the areas of trade and finance. However, the region's economic architecture exhibits certain idiosyncrasies such as an eclectic institutional structure and a limited level of...
Persistent link: https://www.econbiz.de/10003927373
The formation of regional production networks in East Asia has occurred mainly through market forces, without much help from regional institutions in promoting the creation of a single Asian market. While this approach has served the region well in the past, the drastic changes experienced since...
Persistent link: https://www.econbiz.de/10009579529
This paper argues that the collective action in Asia by its regional organizations has historically suffered from a "capability-legitimacy gap": a disjuncture between the capability (in terms of material resources) of major Asian powers to lead regional cooperation on the one hand and their...
Persistent link: https://www.econbiz.de/10009489601
The objective of this paper is to examine the nature and magnitude of the effects of infrastructure provision on regional economic performance. The empirical evidence of our analysis is based on difference-in-difference estimation linking the changes in the growth rate of regional-level economic...
Persistent link: https://www.econbiz.de/10011385223
This paper presents three approaches to the evaluation of cross-border transport infrastructure in the Greater Mekong Subregion (GMS). First, it estimates benefit-cost ratios for selected segments of economic corridors. The results indicate differing degrees of economic viability among different...
Persistent link: https://www.econbiz.de/10011707350
Ideally, to reduce energy insecurity, a nation needs to deploy a range of renewable energy (RE) sources. For Central Asian economies, renewable sources appear to be a rational choice; yet, the deployment of renewables is limited and varies substantially by country. Conventional statistics for RE...
Persistent link: https://www.econbiz.de/10012062623
This paper is an attempt to explain the changes to finance sector reforms under the Dodd-Frank Act in the United States and Basel III requirements globally; their unintended consequences; and lessons for currently fast-growing emerging markets concerning finance sector reforms, government...
Persistent link: https://www.econbiz.de/10009632674
This paper explores the welfare consequences of international outsourcing in the presence of resulting environmental … a framework for analyzing the effects of international outsourcing on environment and, ultimately, social welfare in … implementation of strong regulations or the fostering international cooperation is desirable; that is, until the environmental costs …
Persistent link: https://www.econbiz.de/10011862344
Services have been a key driver of overall economic growth in South Asia since the 1990s. This paper examines how the growth of services output, trade and investment have affected service sector employment in South Asia and the extent to which countries in this region are proactively undertaking...
Persistent link: https://www.econbiz.de/10009407784
While bringing positive impacts and benefits, cross-border infrastructure projects face additional challenges relative to national projects. Moreover, such projects involve a variety of technical, regulatory, institutional, and legal factors, and their obstacles constrain the development of...
Persistent link: https://www.econbiz.de/10008907813