Export Sophistication, Export-Led Growth and Product Space: Evidence from Selected Asian Economies

2016 ◽  
Vol 52 (1) ◽  
pp. 3-20 ◽  
Author(s):  
Connie Bayudan-Dacuycuy ◽  
Joseph Anthony Y Lim
Keyword(s):  
Structural Transformation ◽  
Product Space ◽  
East Asian ◽  
Active Role ◽  
Economic Policies ◽  
Asian Countries ◽  
Space Analysis ◽  
Asian Nation ◽  
Asian Economies ◽  
Product Scope

This research aims to examine the sophistication of export portfolios of selected Association of South East Asian Nation (ASEAN) and developed Asian economies. It aims to provide evidence of where exactly ASEAN economies are in the context of exports sophistication and structural transformation. Results from a product space analysis indicate that although limited in product scope, there are prospects for ASEAN economies to converge to the level of export sophistication of developed Asian countries. The analysis finds a need for governments to take a more active role in promoting more appropriate industrial and economic policies.

scholarly journals South America and Southeast Asia interregional relations: Beyond South-South Bilateralism

2018 ◽  
Vol 19 ◽  
Author(s):  
María Florencia Rubiolo
Keyword(s):  
South America ◽  
Southeast Asia ◽  
East Asian ◽  
Asian Countries ◽  
Primary Products ◽  
Asian Economies ◽  
Increasing Demand

South America relations with East Asian countries have flourished during the last decade. This dynamism was fueled by the economic trade complementarities, and the increasing demand of Asian economies of primary products and its manufactures. Our aim in this paper is to identify and analyze the latest developments of interregional initiatives between Southeast Asia and South America, considering also the contributions of bilateral and multilateral policies in enhancing the interregional links.

scholarly journals Exchange Rates Under The East Asia Dollar Standard: The Future Of East Asian Economies

2011 ◽  
Vol 6 (3) ◽  
Author(s):  
Ordean Olson
Keyword(s):  
Exchange Rate ◽  
Business Cycle ◽  
East Asia ◽  
East Asian ◽  
Asian Countries ◽  
Economic Stability ◽  
Dollar Exchange Rate ◽  
Asian Economies ◽  
The Business Cycle ◽  
East Asian Economies

The effects of fluctuations in the yen/dollar exchange rate on the business cycle of the smaller East Asian economies are examined in this paper. The cointegration error-correction model is employed to examine the nature of the interrelationship between the yen/dollar exchange rate and the economic stability of the East Asian countries. The empirical results reveal strong and lasting effects of changes in the yen/dollar exchange rate on the economic income and exchange rate stability of the East Asian countries. The results also indicate that stabilizing the yen/dollar exchange rate with the East Asian business cycle would benefit Japan as well as the economies of East Asia.

The transition from relation-based to rule-based governance in East Asia

2019 ◽  
Vol 14 (1) ◽  
pp. 171-186 ◽  
Author(s):  
Shaomin Li ◽  
Seung Ho Park ◽  
Rosey Shuji Bao
Keyword(s):  
South Korea ◽  
East Asian ◽  
World Market ◽  
Asian Countries ◽  
Governance System ◽  
Rule Based ◽  
Content Type ◽  
Asian Economies ◽  
Substantial Progress ◽  
East Asian Economies

Purpose The purpose of this paper is to use the framework of rule-based and relation-based governance to examine the evolution of governance environment in the East Asian region including China, South Korea and Taiwan. Design/methodology/approach Both qualitative and quantitative evidences are presented to demonstrate the paths these East Asian countries take in their transitions from relation-based governance to rule-based governance. Based on the framework, this analysis sheds light on the debate on whether East Asian economies will eventually move away from relation-based governance to rule-based societies. Findings The authors find that relation-based governance has helped East Asian countries achieve rapid economic growth in the early stages of their development. However, as the scale and scope of East Asian economies expand, continuing to rely on it may hinder their further development and therefore these countries should adopt a rule-based governance system in order to be efficient and competitive in the world market. While South Korea and Taiwan have made substantial progress in this transition, China has just embarked on the process. Originality/value This paper is among the first to systematically review the theories and evidence of the transition and the challenges East Asian countries face during the process.

scholarly journals Trade Integration and Business Cycle Synchronization in East Asia

2003 ◽  
Vol 2 (3) ◽  
pp. 1-20 ◽  
Author(s):  
Kwanho Shin ◽  
Yunjong Wang
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
East Asia ◽  
East Asian ◽  
Trade Integration ◽  
Asian Countries ◽  
Business Cycle Synchronization ◽  
Industry Trade ◽  
Asian Economies ◽  
Trading Partners

As trade integration deepens in East Asia, closer links among the business cycles of East Asian countries can be expected. Theoretically, however, increased trade could lead to either closer or looser business cycles across trading partners. This paper seeks to understand how the business cycles of 12 Asian economies have been influenced by increased trade among them. It finds that the increasing trade itself is not necessarily associated with an increased synchronization of their business cycles. Intra-industry trade, rather than inter-industry trade or the volume of trade itself, is the major channel through which their business cycles become synchronized. This result has important implications for the prospects for a unified currency in the region.

Opportunities and Challenges of New Economy for the Regional Development in East Asia

2002 ◽  
Vol 5 (2) ◽  
pp. 3-20 ◽  
Author(s):  
Donghyun Park
Keyword(s):  
Manufacturing Sector ◽  
East Asian ◽  
New Economy ◽  
Economic Policies ◽  
Asian Countries ◽  
Technological Barriers ◽  
Old Economy ◽  
It Revolution ◽  
Main Engine

We argue that East Asian countries should focus on applying existing technology to local needs, since doing so promises large tangible returns, especially in terms of improving the efficiency of the manufacturing sector, the main engine of the region's economies. Second, we point out that while the IT revolution may enable East Asian countries to leapfrog some technological barriers, it does not enable them to leapfrog sound economic policies. Such policies remain as relevant to good economic performance in the New Economy as they did in the Old Economy. Third, East Asian countries must fulfill certain pre-conditions to make sure that the New Economy takes hold. Above all, they must liberalize their telecommunication sectors so as to improve the quantity and quality of telecom services. A more balanced pattern of development is therefore desirable, and IT can make significant contributions toward this objective. In particular, by reducing the concentration of information and knowledge in the main city and disseminating those valuable resources to the rest of the country, IT reduces the inequality of opportunity that lies at the root of the inter-regional economic inequality.

From universalism to individualism: New approaches to economic growth analysis

2019 ◽  
pp. 108-126
Author(s):  
Ivan L. Lyubimov
Keyword(s):  
Economic Growth ◽  
Structural Transformation ◽  
Emerging Economies ◽  
Growth Analysis ◽  
Extended Period ◽  
Economic Policies ◽  
Adequate Account ◽  
New Approaches ◽  
Catching Up

This paper examines the evolution of academic and applied approaches to analyze the problem of economic growth since the mid-XX century. For quite an extended period of time, these views were corresponding to universalist economic policies taking no adequate account of particularities and limitations that a certain catching-up economy embodied. New approaches analyzing the problems of economic growth, on the contrary, individualize growth diagnostics, structural transformation and the organization of reforms processes for the emerging economies. We argue that individualist approaches might be potentially more effective than the universalist ones for solving the problem of slow economic growth.

Creativity in East Asian Countries

Asia Review ◽  
2015 ◽  
Vol 4 (2) ◽  
pp. 31
Author(s):  
Cheong-Tag Kim
Keyword(s):  
East Asian ◽  
Asian Countries
Sign in / Sign up

Export Citation Format

Share Document