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This study uses factor analysis to simplify the complex relationships among stock markets and to reduce the number of markets required for portfolio construction. Our sample consists of the US and 11 Asia-Pacific stock markets. We find that the reduced portfolio obtained from factor analysis has...
Persistent link: https://www.econbiz.de/10008755259
—to compete in the 21st Century global economy? Countries including China, Korea, Japan and Singapore have begun to integrate … Kong and Taiwan), Korea and Singapore are complemented with comparisons to trends in national policy and private sector … practice in Japan and the United States. Preliminary findings indicate that while progress has been made towards establishing …
Persistent link: https://www.econbiz.de/10009393784
In selected East Asian economies, the behavior of detrended macroeconomic variables was found to be similar to that observed in the postwar U.S. economy. Consumption and investment are highly procyclical while the balance of trade and the price level are counter-cyclical in most of them. Labor...
Persistent link: https://www.econbiz.de/10005534171
This paper is an overview of the social welfare systems of five East Asian countries, namely Japan, Korea, Taiwan, Hong … privately financed welfare programmes; (ii) Korea and Taiwan's public welfare expenditures will grow significantly in the coming … marginal occupational groups; (iii) Japan's ageing problem is compounded by the weakening of the family as a provider of …
Persistent link: https://www.econbiz.de/10009201165
Using a strategy of export-led growth and an activist industrial policy, Japan, the Asian Tigers and more recently … of Japan, the Tiger states and China with their respective strategies of industrial policy and export-led growth. Is …
Persistent link: https://www.econbiz.de/10011257823
Professor Tetsuro Nakaoka, formerly of Osaka University, and now of the Faculty of Management, Osaka University of Economics, gave a seminar on Japanese industrial development at the Suntory-Toyota Centre during 1992. Although it was not possible to publish that paper as a STICERD discussion...
Persistent link: https://www.econbiz.de/10010745230
Pacific Rim populations: Hong Kong, Taiwan, Japan, South Korea and the state of Victoria in Australia. On a cultural spectrum …, we consider Hong Kong and Taiwan to lie between the more individualistic Australian culture and the more collectivistic …
Persistent link: https://www.econbiz.de/10010582570
The purpose of this paper is to evaluate the impact of trade cost reduction on the Asian economy by employing a sub-national level model based on New Economic Geography. Our model comprises seven sectors, including manufacturing and non-manufacturing sectors, and 1,715 regions in 18...
Persistent link: https://www.econbiz.de/10010902751
This paper examines the effect of capital controls on the response of investment to savings in Pacific Basin countries. A robust finding is that the size of the savings coefficient tends to be smaller (larger) in countries with relatively higher (lower) capital controls. Additionally, relaxation...
Persistent link: https://www.econbiz.de/10005352356
vulnerable, had it not been for the presence of the US 7th fleet in the Taiwan Straits. Ferretti shows that the leading ideas of … Yoshida Shigeru on relations between Japan and the People's Republic of China did not change after the failure of the Dulles … the need for a Pacific Pact. When it became clear from discussions with Dulles early in 1951 that the treaty with Japan …
Persistent link: https://www.econbiz.de/10005797355