Showing papers in "Journal of Asian Economics in 2016"

TL;DR: In this article, the authors used a newly constructed database on macro-prudential instruments and capital flow measures in 13 Asian economies and 33 economies in other regions for the period 2000-2013.

TL;DR: In this paper, the authors investigate the impact of global food prices on India's inflation and conclude that the inflationary supply shocks (cost-push, oil price, domestic food price and global food price shocks) are important contributors to inflation in India, since the monetary authority responds to these supply shocks with a higher interest rate which tends to slow growth.

TL;DR: In this article, the determinants of tax morale in Pakistan, a country that has struggled with low tax effort over the past decade, were examined and found that groups with lower labor force participation show more positive attitudes toward tax compliance.

TL;DR: The authors employed an auto-regressive distributed lag (ARDL) approach using quarterly data for the period 1989-2014 for the 79 3-digit industries in which trade between Korea and the U.S. took place.

TL;DR: In this article, a multilevel model is used to analyze survey data of about 90,000 households distributed across 150 towns/tehsils in the Punjab province of Pakistan.

TL;DR: In this paper, the direct and indirect impact of trade on jobs in the Indian manufacturing sector has been analyzed using the growth accounting approach, and the authors argue that supply side constraints should be addressed urgently to enhance job gains from international trade.

TL;DR: In this paper, the authors examined the impact of the ASEAN-China FTA on FDI flows through an econometric model that captures the influence of East Asian production networks on the FDI, which is an important explanatory factor.

TL;DR: In this paper, a dynamic stochastic general equilibrium (DSGE) model is used to estimate the structural drivers of Indonesia's economic growth over the last decade, showing that most of the growth in Indonesia has been driven by supply factors.

TL;DR: In this article, the relationship between GDP growth in seven major Latin American countries and China's demand for their exports was analyzed using GLS panel estimation using annual data for the period 1994-2013.

TL;DR: This article conducted an econometric analysis of a survey of over 3000 firms in Myanmar and found that firms with higher ability to pay (proxied by sales revenue and employee growth) are more likely to pay bribes.

TL;DR: In this article, the authors assessed changes in the technical efficiency of commercial banks in Sri Lanka following the end of armed conflict in 2009 and found that the banking sector experienced a significant efficiency improvement post-conflict even with unprecedented branch expansion.

TL;DR: The authors assesses the effectiveness of some of the monetary instruments employed, using a model of the banking sector and elasticities estimated from Chinese data, and find that direct interest rate changes are a poorer instrument of monetary control in China than changes in reserve requirement ratios and loan-to-deposit ratios.

TL;DR: In this paper, the authors examined the effects of North Korean threats on stock markets, foreign exchange markets, and overnight interest rates in South Korea and Japan, and found no significant impact emanating from North Korea threats.

TL;DR: In this paper, the authors examined the transmission of inflationary shocks to the real economy for nine Muslim-majority countries (Bahrain, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Pakistan, Saudi Arabia, and Turkey) that have introduced Islamic banking, all except Iran within dual-banking systems.

TL;DR: In this article, an inversion of the familiar gravity model is used to infer trade costs based on the observed pattern of trade and production across economies in Asia-pacific Economic Cooperation (APEC).

TL;DR: In this article, the authors conducted Monte Carlo simulations of productivity shocks within a computable general equilibrium model for the four crops of greatest significance in the Japanese diet, rice, wheat, maize, and oilseed, and found that productivity shocks for rice and maize have a substantial effect on welfare.

TL;DR: This paper argued that structural change, shifting labor from agriculture to manufacturing is critically dependent on staple food price stability and historical experience shows that East Asia achieved such stability and thus experienced rapid growth in manufacturing and rapid structural change.

TL;DR: In this article, the role of income relative deprivation, time allocation by task, and children in the job stress experienced by Japanese academics was examined, and the presence of young children increased job stress only for females.

TL;DR: This article conducted a field survey of owners of small and medium enterprises (SMEs) in Yangon, Myanmar to investigate obstacles to business development in the region and found that relaxing loan collateral requirements is considered of prime importance, while access to bank loans is seen as problematic.

TL;DR: In this paper, the authors consider how Malaysia and Singapore might best respond to a hypothetical transition by China to a new basket peg regime and specify five alternative exchange rate strategies that encompass fixed, basket, and floating regimes and gradual versus sudden transitions.

TL;DR: In this article, the authors assess the determinants of Korea's productivity growth using a panel of Korean industries and find that labor productivity has converged across industries, research and development (R&D) investment has played an important role in fostering productivity growth, and the productivity impact of R&D is stronger in more advanced industries.

TL;DR: In this paper, a policy framework based on a multi-pillar monetary policy approach as a potentially attractive alternative for EM Asia has been proposed, where three pillars are based on economic, financial and exchange rate stability, respectively.

TL;DR: In this article, the authors investigated the increasing presence of Asian emerging-market currencies in the international debt market over the last two decades and used the "original sin" index developed by Eichengreen et al. to measure the use of an economy's home currency in international debt relative to the total international debt of its residents.

TL;DR: In this paper, the feasibility of policy coordination among the ASEAN-5 economies was analyzed by determining whether they experience symmetric responses to common shocks, such as monetary policy shocks, output shocks, and oil price shocks.

TL;DR: In this paper, the authors examined the cost inefficiency and production inefficiency of municipal insurers operating under the Japanese National Health Insurance system and found that adverse effects on efficiency are associated with aging of the insured population, soft budget constraints due to government subsidies, insurer contributions to the elder care systems, and an increase in care provider densities.

TL;DR: In this paper, the authors investigate unconditional pricing using the iterated generalized method of moments, employing industry and size portfolios formed from 180 firms traded on the Karachi Stock Exchange, and find that exchange risk is priced into the Pakistani equity market over the full sample period.

TL;DR: This article examined the influence of rapid growth in China's money supply on the US dollar within a framework of monetary models of exchange rates and found that a monetary error correction model with sticky prices performs best.

TL;DR: In this paper, the effect of stock transaction taxes (STT) on stock return volatility was investigated in Japan, where the country enacted major tax reforms during the long recession beginning in the early 1990s, not only abolishing STT in 1999, but also reducing the capital gains and dividend taxes in 2003.