Development strategies of open economies : cases from emerging East and Southeast Asia / Frank S.T. Hsiao, Mei-Chu Wang Hsiao.

By: Contributor(s): Material type: TextTextSeries: Advanced research on Asian economy and economies of other continents ; volume 11Publisher: New Jersey : World Scientific, ©2019Description: xxxviii, 338 pages : 23 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9789811205408 (hardback)
Subject(s): DDC classification:
  • 338.95 23
LOC classification:
  • HC460.5 .H75 2019
Contents:
Causality and exogeneity between exports and economic growth : the case of Asian NICs -- The chaotic attractor of foreign direct investment : why China? : a panel data analysis -- FDI, exports, and GDP in East and Southeast Asia : panel data versus time-series causality analyses -- FDI, exports, economic growth nexus in first and second generation ANIEs / co-authored with Yongkul Won -- The IT revolution and macroeconomic volatility in newly developed countries : on the real and financial linkages -- The impacts of the U.S. economy on the Asia-Pacific region : does it matter? / co-authored with Akio Yamashita -- Gains from policy coordination between Taiwan and the USA : on the games governments play -- International policy coordination with a dominant player : the case of the United States, Japan, Taiwan, and Korea.
Summary: "In an open economy, basic development strategies include promoting foreign exports, attracting foreign direct investment, and stimulating economic growth. Using time-series and panel data analyses, the first part of this book studies the causality and significance of these three strategies, individually or collectively, empirically and theoretically, during the catch-up growth and development phases of emerging East and Southeast Asian economies. While it is well-known that trade and investment are major catalysts for economic development and growth, the interaction and importance of all three strategies have seldom been studied together statistically and systematically. Another development strategy in open economies is reducing friction and volatility through government-to-government policy coordination. The second part of this book introduces the role of the United States in the Asia-Pacific region, and the possibility of monetary policy coordination between large countries and small countries in the Asia-Pacific region"-- Provided by publisher.
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Includes bibliographical references and index.

Causality and exogeneity between exports and economic growth : the case of Asian NICs -- The chaotic attractor of foreign direct investment : why China? : a panel data analysis -- FDI, exports, and GDP in East and Southeast Asia : panel data versus time-series causality analyses -- FDI, exports, economic growth nexus in first and second generation ANIEs / co-authored with Yongkul Won -- The IT revolution and macroeconomic volatility in newly developed countries : on the real and financial linkages -- The impacts of the U.S. economy on the Asia-Pacific region : does it matter? / co-authored with Akio Yamashita -- Gains from policy coordination between Taiwan and the USA : on the games governments play -- International policy coordination with a dominant player : the case of the United States, Japan, Taiwan, and Korea.

"In an open economy, basic development strategies include promoting foreign exports, attracting foreign direct investment, and stimulating economic growth. Using time-series and panel data analyses, the first part of this book studies the causality and significance of these three strategies, individually or collectively, empirically and theoretically, during the catch-up growth and development phases of emerging East and Southeast Asian economies. While it is well-known that trade and investment are major catalysts for economic development and growth, the interaction and importance of all three strategies have seldom been studied together statistically and systematically. Another development strategy in open economies is reducing friction and volatility through government-to-government policy coordination. The second part of this book introduces the role of the United States in the Asia-Pacific region, and the possibility of monetary policy coordination between large countries and small countries in the Asia-Pacific region"-- Provided by publisher.

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