This study constructs a monthly series of industry-specific real effective exchange rates (I-REERs) based on the producer price indices of nine Asian economies from 2001 to 2014. To check the usefulness of the I-REERs as a measurement of international price competitiveness, we calculated the...

We combine a multi-country, continuum-good Ricardian model of Eaton and Kortum (2002) with a multi-country AK model of Acemoglu and Ventura (2002) to examine how trade liberalization affects countries' growth rates and extensive margins of trade over time. Focusing on the three-country case, we...

Amid the rapid aging of its society and intensifying global competition, utilizing its human resources is a significant key for Japan, a nation which lacks relatively in natural resources, to maintain and strengthen its economic dynamism and increase its growth potential. This paper provides a...

Poverty reduction in rural Africa necessitates diversification of income sources from agriculture to nonfarm activities. Clustering of micro-enterprises in rural areas can promote nonfarm income. This study examines the determinants of growth in sales and skill levels of microenterprises in a...