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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
The recent financial crisis has plagued banking institutions around the world. Using a non-parametric (data envelopment analysis) approach, we measure operating and profit efficiency of 21 commercial banks from four countries during 2004-2010. The results suggest that for the most part there is...
Persistent link: https://www.econbiz.de/10010722759
The compensation hypothesis predicts a positive causation from international economic openness to the size of the public sector, as governments step in to perform a risk mitigating role to counterbalance the increasing exposure to external risk and the economic dislocations caused by growing...
Persistent link: https://www.econbiz.de/10010670287
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
Asian-Pacific nations, Australia, China, Indonesia, Japan, Malaysia, New Zealand, Philippines, South Korea, Singapore …, Taiwan, Thailand, and Vietnam. The daily data span from 1995 to 2004. It finds strong regional foreign exchange dependency …
Persistent link: https://www.econbiz.de/10005126681
—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
major East Asian countries/regions as well as Japan and the United States. Given the dynamic changes in the economies of …
Persistent link: https://www.econbiz.de/10005744796
Persistent link: https://www.econbiz.de/10004998681
the United States and Australia. US beef, according to the results of a Gallup’s survey, is considered by consumers in … Japan the high-quality product while Australian beef is considered the low-quality product. Empirical results support the …
Persistent link: https://www.econbiz.de/10010920140