abstract t he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. on the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. so keeping the price stability plays an important role in determining the growth r...

In this Special Issue of the Asia Pacific Journal of Management on Managing in Ethnic Chinese Communities, we seek to shed light on the complex and dynamic relationships existing in many ethnic Chinese businesses around the world. This is an exciting time to study ethnic Chinese business. Ethnic Chinese business used to mean Overseas Chinese firms, that is, enterprises run by Chinese business p...

a r t i c l e i n f o JEL classification: G01 G11 G15 Keywords: Stock market integration DCC-GARCH model Price differentials Exchange rate risk Trade linkages GFC EGARCH In this study, we examine the patterns and causes of stock market integration of selected emerging Asian nations against the US, Australia, China, and India for the period 1 January 2001 to 31 March 2012. We compare patterns of...

This paper provides a theoretical model of an open economy credit channel including currency mismatch and financial fragility where exporting firms have access to international credit but non-exporting firms do not. The impact of the crisis is predicted to be dramatically different for exporters/non-exporters. We examine firms’ access to external finance in four Asian economies after 1997 using...

East Asian students regularly take top positions in international league tables of educational performance. Using internationally comparable student-level data, I estimate how family background and schooling policies affect student performance in five high-performing East Asian economies. Family background is a strong predictor of student performance in South Korea and Singapore, while Hong Kon...

of the Paper: Using time-series and panel data from 1986 to 2004, this paper examines the Granger causality relations between GDP, exports, and FDI among China, Korea, Taiwan, Hong Kong, Singapore, Malaysia, Philippines, and Thailand, the eight rapidly developing East and Southeast Asian economies. After reviewing the current literature and testing the properties of individual time-series data,...

When it became clear that Southeast Asian developmentalist dictatorships were no longer developing economically during the Asian financial crisis of 1997-98, the global discourse of good governance suddenly threatened their hold on power. Long praised by the doyens of international finance for their developmental successes despite massive human rights violations, the authoritarian regimes of th...

Since the early 1980s, the core capitalist economies of North America and Western Europe have undergone fundamental transformations in their political-economic constitution and socio-spatial organization. In economic geography, these massive transformations have been described variously through such concepts as the “new industrial divide/space”, “cultural/symbolic economy”, “regional innovation...

This paper analyzes the macroeconomic impact of structural oil shocks in four of the top oil-consuming Asian economies, using a VAR model. We identify three different structural oil shocks via sign restrictions: an oil supply shock, an oil demand shock driven by global economic activity and an oil-specific demand shock. The main results suggest that economic activity and prices respond very dif...