Real and Financial Integration in Asia
In: Routledge-ERIA studies in development economics 2
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In: Routledge-ERIA studies in development economics 2
In: Routledge-ERIA studies in development economics, 2
This book investigates the impact of both real and financial integration to growth and to welfare, and to enquire whether increases in either or both forms build the linkage between the real and financial economy. It contributes to the following two areas: (1) Research of economic developments in East Asia, the most dynamic and populous region in the world, in itself is important for researchers, policy makers, journalists, business people and others. East Asia's economic developments influence peoples' lives not only in East Asia but also in other parts of the world. (2) Many aspects of East.
In: Journal of international trade & economic development: an international and comparative review, Band 22, Heft 6, S. 924-941
ISSN: 1469-9559
In: Journal of economic studies, Band 37, Heft 3, S. 248-266
ISSN: 1758-7387
PurposeThe purpose of this paper is to examine the trade linkages and degree of export competitiveness between Singapore, China and India.Design/methodology/approachBalassa's export performance index and the dynamic RCA index was adopted, as suggested by Kreinin and Plummer to identify the revealed comparative advantage (RCA) of the above countries in industrial products by SITC 1‐ and 2‐digit levels. The Spearman's rank correlation coefficient is used to identify the degree of complementarity between RCA indices.FindingsGiven the abundant resources, China and India have comparative advantage in a broad range of manufactured goods as compared to Singapore. From the disaggregated analysis at 2‐digit level, the paper finds that the Singapore and China exports are complements, although the degree of complementarity has being declining over time. Meanwhile, Singapore and India exports are found to be stronger complements and stable over time. The results also show that China and India exports are strong substitutes. The paper also finds that the export specialization of China and India has experienced significant changes and shifting to new export products over time.Originality/valueGiven the recent trade agreements between China and Singapore and India and Singapore, it is important to examine the trade linkages (complementarity/substitutability of trade) between these countries. The paper highlights the importance of China and India in complementing countries such as Singapore as it climbs the technological ladder to maintain its competitiveness in the world market.
In: Journal of development economics, Band 75, Heft 1, S. 79-94
ISSN: 0304-3878
In: Journal of development economics, Band 75, Heft 1, S. 79-94
ISSN: 0304-3878
In: Journal of economic studies, Band 38, Heft 3, S. 275-286
ISSN: 1758-7387
PurposeThis paper aims to examine production linkage and technology spillovers due to the presence of foreign firms in the Indian pharmaceutical industry.Design/methodology/approachThis study employs the semi‐parametric estimation method suggested by Olley and Pakes to control for unobserved firm heterogeneity that accounts for the endogeneity of input selection with respect to productivity.FindingsThe results suggest that R&D activities of foreign firms lead to positive technology spillover to local firms. However, we also found negative linkage from the activities of foreign firms. The negative linkage could be explained by the large reverse engineering activities that occur on existing drugs in the Indian pharmaceutical industry, where the enclave activities of foreign firms might be a preemptive strategy to reduce the flow of technologies to downstream local firms and to protect their firm‐specific (product) technology.Originality/valueThe results provide support for strong institutional arrangements such as giving protection for Intellectual Property Rights, which might be important for attracting and creating linkages with activities of foreign firms in the host country.
In: The World Economy, Band 41, Heft 11, S. 3045-3070
SSRN
In: The journal of development studies, Band 41, Heft 6, S. 1071-1091
ISSN: 1743-9140
SSRN
Working paper
In: ISEAS Working Papers / Economics and Finance, No. 1/2008
World Affairs Online
In: International journal of environment, workplace and employment, Band 2, Heft 4, S. 359
ISSN: 1741-8445
In: ADBI Working Paper 318
SSRN
Working paper