There is a growing appetite in East Asia for thinking about ways to deepen economic and financial policy dialogue, cooperation and integration. This paper aims to inform that debate by examining what data on output, consumption and investment in East Asia reveal about linkages and commonality in...

The ‘error of closure’ is the population growth that cannot be accounted for either by natural increase or by quantifiable non-demographic factors. The term is somewhat misleading: since it incorporates all unquantifiable components of the increase in a population count, it is unlikely ever...

This paper incorporates hierarchical structure into the neoclassical theory of the firm. Firms are hierarchical in two respects: the organization of workers in production and the wage structure. The firm’s hierarchy is represented as the sector of a circle, where the radius represents the...