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Author: Mr.Shekhar Aiyar
Publisher: International Monetary Fund
ISBN: 1484315804
Category : Business & Economics
Languages : en
Pages : 64
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Book Description
The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we examine the middle-income trap as a special case of growth slowdowns, which are identified as large sudden and sustained deviations from the growth path predicted by a basic conditional convergence framework. We then examine their determinants by means of probit regressions, looking into the role of institutions, demography, infrastructure, the macroeconomic environment, output structure and trade structure. Two variants of Bayesian Model Averaging are used as robustness checks. The results—including some that indeed speak to the special status of middle-income countries—are then used to derive policy implications, with a particular focus on Asian economies.
Author: Mr.Shekhar Aiyar
Publisher: International Monetary Fund
ISBN: 1484315804
Category : Business & Economics
Languages : en
Pages : 64
Get Book
Book Description
The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we examine the middle-income trap as a special case of growth slowdowns, which are identified as large sudden and sustained deviations from the growth path predicted by a basic conditional convergence framework. We then examine their determinants by means of probit regressions, looking into the role of institutions, demography, infrastructure, the macroeconomic environment, output structure and trade structure. Two variants of Bayesian Model Averaging are used as robustness checks. The results—including some that indeed speak to the special status of middle-income countries—are then used to derive policy implications, with a particular focus on Asian economies.
Author: Tan Khee Giap
Publisher: World Scientific
ISBN: 9813226803
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
This book is an update of the competitiveness rankings for Greater China economies at the sub-national and regional level with the latest available data. The study uses a comprehensive methodology which measures competitiveness across four unique dimensions to provide an in-depth competitiveness analysis for the 34 economies and the five regions of Greater China. It then recommends policy prescriptions which would be relevant to each economy and region based on their specific strengths and weaknesses. Aside from exploring competitiveness, the book also analyses the growth slowdown phenomenon for Greater China economies by income thresholds. This volume is recommended for scholars and researchers interested in China's economic development. Contents: About ACIForeword (by Professor Wang Gungwu)Preface (by Professor Kishore Mahbubani)AcknowledgementsAbout the AuthorsList of EconomiesList of AbbreviationsList of Tables and FiguresChina's Economic New Normal, Coping with Deeper Economic Restructuring and the One-Belt One-Road StrategyOrganisation, Structure and Methodology2016 Annual Update on Competitiveness Rankings and Simulation Studies for 34 Greater China Economies2016 Annual Update on Regional Competitiveness Rankings and Simulation Studies for Greater ChinaGrowth Slowdown Analysis by Income Thresholds for Greater China EconomiesDiversifying and Seeking New Sources of Growth for China: Striving to Be a Global Economic Leader Readership: Scholars and researchers interested in China's economic development, categorised by regions and provinces. Keywords: Competitiveness;China;Growth Slowdown;Public Policy;Development StrategiesReview: "Professor Tan Khee Giap is developing important knowledge at the Asia Competitiveness Institute, to help Singapore gain in-depth knowledge of the economy around us. We will nurture local academics who can produce quality work and contribute to Singapore." Mr Ong Ye Kung Minister for Education (Higher Education and Skills) and Second Minister for Defence, Singapore "I like the growth slowdown research by the ACI very much. I don't think I have seen any similar Chinese research on the topic, especially at the sub-national level." "This research offers a very solid database. It also sheds light on important policy implications which are presented in a very graphical manner for both central and local policymakers to use as a policy reference tool." Dr Sun Jingying Assistant Professor, Institute of World Economics and Politics Chinese Academy of Social Sciences, China Key Features: Unique volume with no other rival publications as yet, covering whole spread of all 34 economies and five regions in Greater ChinaIn-depth and rigorous study on regional analysis on Greater China which views competitiveness through a regional lens, by offering a strategic regional development from an academic perspective, with an aim to achieve sustainable and balanced growth throughout the economies coveredAsia Competitiveness Institute's other similar studies on 35 Indian states and federal territories, ASEAN-10 economies, and 34 Indonesian provinces provide similar sub-national insights and a basis for comparison across these countries
Author: Tan Khee Giap
Publisher: World Scientific
ISBN: 9813226897
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
This book is an update of the annual flagship study by the Asia Competitiveness Institute at the Lee Kuan Yew School of Public Policy, National University of Singapore, that dissects Indonesia's sub-national competitiveness at both the provincial level (covering 34 provinces) and the regional level (covering six major island groups). Based on a rich dataset of 100 indicators, the study covers four environments of competitiveness: (1) Macroeconomic Stability, (2) Government and Institutional Setting, (3) Financial, Businesses, and Manpower Conditions, and (4) Quality of Life and Infrastructure Development. It also presents each province and region's comparative strengths and weaknesses, and conducts "what-if" policy simulations to propose policy suggestions. Aside from exploring competitiveness, the book also features empirical research on the determinants of growth slowdown in Indonesian provinces and its impact on policy implications. It also features the inaugural Ease of Doing Business Index on Attractiveness to Investors, Business Friendliness and Competitive Policies (EDB Index ABC) for Indonesian provinces. Coupled with practical insights and policy implications, this book is a recommended read for policymakers, researchers, and the general audience interested in Indonesia's economic development. Contents: Introduction2016 Annual Update on Competitiveness Analysis of Indonesian Provinces2016 Annual Update on Competitiveness Analysis of Indonesian RegionsGrowth Slowdown Analysis by Income Thresholds for Indonesia's Sub-National Economies2016 Inaugural Ease of Doing Business Index on Attractiveness to Investors, Business Friendliness and Competitive Policies (EDB Index ABC) for Indonesian ProvincesConclusion Readership: Policymakers, researchers, and the general audience interested in Indonesia's economic development. Keywords: Competitiveness;Indonesia;Indonesian Provinces;Growth Slowdown;Ease of Doing Business;Economic Development;Global Commodity Price Bust;Commodity-Exporting Country;Governing InstitutionsReview: "The ACI survey provides critical policy insights on competitiveness to lay the groundwork for governments to frame and improve their competitiveness policies, and provides guidance for business-seeking entities to enter the market." Dr Darmin Nasution Coordinating Minister for Economic Affairs, Republic of Indonesia "As I have mentioned several times, this research is very important for Indonesia ... I recommend that this research result be disseminated to all Indonesian bureaucrats of the central government as well as the provincial level." Prof. Dr Kuntoro Mangkusubroto School of Business and Management, Bandung Institute of Technology, Indonesia Key Features: This is the only annual study of Indonesia's sub-national competitiveness landscape which is conducted impartially and aimed towards Indonesian policymakers as well as the international audienceThe book presents a comprehensive analysis based on an extensive dataset sourced from formal statistics as well as surveys conducted jointly with the government, business owners, and academic institutions in all Indonesian provincesIn this installment of the series, the book features an empirical study on growth slowdown by income thresholds in Indonesia's provinces as well as the inaugural Ease of Doing Business Index on Attractiveness to Investors, Business Friendliness and Competitive Policies (EDB Index ABC) for Indonesian provinces
Author: Chong-en Bai
Publisher: Taylor & Francis
ISBN: 1351621750
Category : Business & Economics
Languages : en
Pages : 80
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Book Description
After impressive growth of about 10% per annum for three decades, China's visible signs of economic slowdown since 2008 have been subject to much contention. What causes the deceleration? What should we expect in an era of China's 6% growth? This book answers these questions in three parts. Although it is widely accepted that China can hardly continue its high-speed growth model, estimations for its future growth potential differ greatly. The first part of this book predicts China's growth to 2050, which considers both cross-country historical experiences and China's own demographic structure and employment participation features. In the second part, the book offers a comprehensive estimation of China's national and provincial total factor productivity (TFP) over the period of 1978 to 2014 based on comparable data. It then analyzes the causes of China's economic slowdown from a productivity point of view. Finally, this book correspondingly outlines policy recommendations, including supply-side structural reform and macroeconomic policy frameworks, to effectively address the issue of decline in both labor and labor productivity growth. This book will attract scholars and students of economics and China's economic studies.
Author: SHAO Binhong
Publisher: BRILL
ISBN: 9004383948
Category : Political Science
Languages : en
Pages : 261
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Book Description
This volume is divided into: World and China Economy, Chinese Diplomacy, International Strategies. In an era when world order is undergoing reformations, it provides scholars in the English-speaking world with a window to understand the perspectives of the Chinese academia.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292540238
Category : Business & Economics
Languages : en
Pages : 713
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Book Description
The Asian Development Outlook 2013 estimates that regional economic growth in the Asia Pacific region will pick up to 6.6% in 2013 and reach 6.7% in 2014. This is a distinct improvement on 2012, when growth stood at just over 6%. Consumer prices are expected to rise by 4.0% in 2013 and 4.2% in 2014, up from 3.7% last year. Leading regional economies are settling into a pattern of more moderate, more sustainable growth, founded on new opportunities nearer to home, including domestic consumption and intra-regional trade. Meanwhile, Asia's contributions to global imbalances---its persistent current account surpluses---are smoothly winding down. Yet, developing Asia's recovery phase remains vulnerable to shocks. Strong capital inflows could feed asset bubbles, for example.
Author: M. Bruna Zolin
Publisher: Routledge
ISBN: 1317286650
Category : Business & Economics
Languages : en
Pages : 215
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Book Description
Since the 2008 global economic crisis, East Asian economies have faced a number of macroeconomic issues including China’s new growth model, the middle-income trap in developing East Asian countries, and the growing natural fibre market and its socio-economic implications. This book addresses these key topical issues which East Asian economies are facing today. Written by international experts in the area of Asian economics and business, it presents the most recent macroeconomic outlook in the region and then goes on to analyse a number of business corporations and industry-related cases, focussing on the theme of firms’ strategies. Examining the links between environmental and financial performance, corporate social responsibility and the transfer of environmental management, financial accounting standards, the relationship between corporate sustainability activities and corporate profit, and the different cultural approaches towards business ethics, this book provides both practical strategies and new theoretical insights. As such it will appeal to students, scholars and practitioners interested in Asian business and economics.
Author: OECD
Publisher: OECD Publishing
ISBN: 926421061X
Category :
Languages : en
Pages : 288
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Book Description
In this book, competitiveness is viewed as a multifaceted concept comprising aspects of the economy and society needed to implement change and move toward sustainable convergence.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264246762
Category :
Languages : en
Pages : 204
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Book Description
Kazakhstan’s economy and society have undergone deep transformations since the country declared independence in 1991. Kazakhstan’s growth performance since 2000 has been impressive, averaging almost 8% per annum in real terms and leading to job creation and progress in the well-being of its citizens
Author: Joachim Betz
Publisher: Springer Nature
ISBN: 3658350113
Category : Social Science
Languages : en
Pages : 213
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Book Description
Developing countries have made rapid but highly varied progress since the 1990s. So much so that the boundaries to the traditional industrialized countries have become partially blurred. On the other hand, there are a number of mostly fragile states that have not succeeded in doing so, or have only rudimentarily succeeded. Talk of one "Third World" and common development problems thus explains little. Instead, development has become a requirement for all states, which this textbook breaks down and assesses according to key development goals. This book is a translation of the original German 1st edition Entwicklungspolitik by Joachim Betz, published by Springer Fachmedien Wiesbaden GmbH, part of Springer Nature in 2021. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation. Springer Nature works continuously to further the development of tools for the production of books and on the related technologies to support the authors.
