This paper develops a new competitiveness index that ranks the ASEAN-10 economies on various dimensions measuring competitiveness. Our notion of competitiveness is substantially more nuanced and holistic than that of the more traditional and popular competitiveness indices in the literature. The...

This paper assesses selected fiscal and competitiveness issues in the newly industrialised economies (NIEs) of Hong Kong, Singapore, (South) Korea and Taiwan since the Asian financial crisis. The NIEs have been globally competitive and successful in maintaining a high degree of fiscal discipline...

India is emerging as one of the economic giants of the world, and is gaining international influence and global leadership as the world's largest democracy. India's performance will have far-reaching consequences on whether the economic awakening of the country, which began more than two decades...

How the old saying “when the United States sneezes, the world catches a cold†holds true has been the subject of many research papers on global and country group business cycle synchronization and divergence. Instead of business cycle linkages, however, this paper examines the...

Purpose – This paper aims to provide an up-to-date analysis of the productivity in the agricultural sector within the states and union territories of India. Despite agriculture’s diminishing role as a share of overall gross domestic product (GDP) in India, it plays a crucial role by...

There is a large literature dealing with the spillover effects of foreign direct investment (FDI) flows to emerging and developing economies at the aggregate level. Beyond the aggregate impacts, a growing number of studies also examine the impact of FDI spillovers on firms of different sizes,...

While Singapore has been doing well in terms of cross-country per capita income comparisons and in terms of overall employment growth, it has been a laggard when it comes to labor productivity and this concern is more serious for small and medium enterprises (SMEs). In this context, this paper...