Showing papers in "Journal of Asian Economics in 2003"

TL;DR: In this paper, a set of cross-country regressions was conducted to find that income, education, and infrastructure play a critical role in shaping the digital divide, and some policy suggestions as to how to promote a wider diffusion of ICT in poorer societies.

TL;DR: In this article, the role of business and social networks in international investment by examining the effects of ethnic Chinese networks on foreign direct investment (FDI) in China was studied and found that a significant positive role in inward FDI was associated with the population share of ethnic-Chinese in the investing country.

TL;DR: This article examined the empirical relationship between financial development and economic growth in nine emerging economies in South-east Asia and found that financial development matters for economic growth and that causality runs from financial structure to economic development.

TL;DR: In this paper, the authors studied the monetary transmission mechanism in Thailand and found that investment is particularly sensitive to monetary shocks and banks act as an important conduit for monetary policy to real activity.

TL;DR: In this paper, the authors examined the sustainability of the current account imbalance for four ASEAN countries (Indonesia, Malaysia, the Philippines, and Thailand) over the 1961-1999 period.

TL;DR: In this paper, the authors used the gravity equation model to analyze trade flows between East Asian industrializing countries and some developed countries in order to show the surprising trade performance of East Asian countries in the last 30 years.

TL;DR: In this article, the authors estimate the economic cost of particulate air pollution on health in Singapore using the damage function/dose response approach, and the economic values of these health impacts are also calculated in terms of the statistical lives which could be saved and the cost of illness incurred.

TL;DR: In this paper, the authors investigated the interlinkages among different markets and different countries within the Asian region using the Granger causality and concluded that the empirical evidence does not find strong support for contagion.

TL;DR: Wang et al. as discussed by the authors argue that from the beginning of the reform of restructuring China state-owned enterprises into public listed companies, the concern about the potential loss of state assets made the ownership split into three different type of shares, with only a small fraction of A-shares are tradable, and the state keeps on holding the controlling share stakes.

TL;DR: In this paper, the authors focus on some features of the world economy that have a special impact on the Asian economy and are relevant for the making of macroeconomic policy in China.

TL;DR: In this article, the authors investigated the determinants of India's export performance in a simultaneous equation framework and found that the real appreciation of the rupee adversely affected India's exports performance, while foreign investment had statistically no significant impact on export performance.

TL;DR: In this paper, the authors examine the importance of ownership and firm-level capabilities in electronics exports generated from Malaysia and Thailand, controlling for size and age, and analyze the hypothesis that exports drives and is driven by technological capabilities.

TL;DR: In this paper, the effect of various preferential trade agreements (PTAs) on trade flows within and across membership groupings as well as the impact of PTAs on members' trade with Asian countries is discussed.

TL;DR: In this article, the flying-geese model of industrial upgrading is applied to the emergence of Pax Americana-led growth clustering in East Asia, and the high propensity of the U.S. to transplant manufacturing overseas, Japan's roles of structural intermediator and capacity augmenter, and catching-up economies' public policies are the key co-determinants of regional endogenous growth.

TL;DR: The authors examined the weak market efficiency and the role of the banks in the Chinese stock market and found evidence of departures from weak efficiency in the form of predictability of returns on the basis of their own past values.

TL;DR: In this paper, the authors investigated China's economic growth with respect to the growth of investment at aggregate level between 1978 and 2000, and analyzes the investment-growth nexus during the high growth through the consideration and calculation of investment/GDP ratios and incremental capital-output ratios (ICORs) in real terms, with some comparison to the NIEs in East Asia.

TL;DR: In this paper, the authors explore the real linkage between the United States and Asia-pacific region through trade and investment, and the financial linkage through stock markets, and show that there is no significant unidirectional causality from the US GDP to Japan, Taiwan, Korea, and China.

TL;DR: In this paper, the authors investigated empirically the factors that have influenced the savings behavior in the fast growing Asian economies and found that foreign savings deters domestic saving both in the short and long run.

TL;DR: The best estimate of the U.S. and China bilateral trade balance in goods and services in 2002 is US$ 74.3 billion as mentioned in this paper, which is more than 25% smaller than the official estimate of US government.

TL;DR: In this paper, the authors evaluate the impact of globalization on income distribution in Korea and show that there is a weak evidence supporting the Kuznets hypothesis and that globalization does not influence income distribution.

TL;DR: In this article, the spatial location development of foreign direct investment (FDI) in Guangdong in the context of a core-periphery system (CPS) using firm (micro)-level data was investigated empirically.

TL;DR: In this paper, the authors show that when poverty reduction is decomposed into two separate effects of growth and income distribution, the growth impact on poverty reduction was lessened by the incidence of high income inequality.

TL;DR: In this paper, the impacts of agglomerations on FDI inflows in the context of Krugman's CP relation was investigated by investigating the formation of a CP relation via gravity model analysis.

TL;DR: In this article, the authors determined the relationship between various types or levels of education and economic growth in Japan in both the pre- and postwar periods and found that primary schooling is causal with respect to growth in both prewar and postwar period.

TL;DR: In this paper, an empirical analysis of the time-series nature of the recycling phenomenon is presented, using cointegration analysis to analyze the timing of market recycling in the early postwar era.

TL;DR: This paper investigated whether asymmetric responses exist among the stock price indices of China, Japan, and South Korea using regression and vector auto-regression (VAR) models, and empirically tested for the existence of both magnitude and pattern asymmetries among these indices.

TL;DR: The authors examines the exchange rate management objectives of the Indian central bank after the shift to a floating exchange rate regime in 1993 and argues that three empirical features of the post-float period, viz. nominal and real exchange rate stability and increase in reserves' volatility are interrelated.

TL;DR: In this article, the authors argue in favor of open regionalism and continent-based integration in Asia, arguing that the enlargement of trading blocs into continent based integration also serves as a countervailing power to stem the excesses of economic globalism.

TL;DR: This article reviewed insights emerging from a detailed social accounting matrix (SAM), compiled for the year 2000, which reflected Vietnam's heavy reliance on primary sector activities, but also found that agricultural potential could be expanded significantly.