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In this paper, economic vulnerability is defined as the exposure of an economy to exogenous shocks, arising out of economic openness, while economic resilience is defined as the policy-induced ability of an economy to withstand or recover from the effects of such shocks. The paper briefly...
Persistent link: https://www.econbiz.de/10008466776
In this paper, economic vulnerability is defined as the exposure of an economy to exogenous shocks, arising out of economic openness, while economic resilience is defined as the policy-induced ability of an economy to withstand or recover from the effects of such shocks. The paper briefly...
Persistent link: https://www.econbiz.de/10005059931
This paper incorporates economic vulnerability, defined as the increased proneness of certain economies to downside risks, within a neo-classical economic growth model to seek an explanation to the observation that a number of vulnerable economies enjoy high per capita output levels. Steady...
Persistent link: https://www.econbiz.de/10009351270
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This paper describes the main thrust of competition law and policy in the European Union (eu) from which it draws some lessons for the Association of Southeast Asian Nations (asean), mainly with regard to the development of a single market in the region. The paper argues that the success of...
Persistent link: https://www.econbiz.de/10010721453
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This paper assesses why the 2008–2009 global economic recession impacted East Asia less than it did the United States (US) and the European Union(EU). The paper utilizes a “growth-with-resilience” (GWR) index aimed at measuring the extent to which a country can absorb or counteract...
Persistent link: https://www.econbiz.de/10010991691