Asia Rising: Emerging East Asian Economies as Foreign Investors

Ownership Restrictions toward Foreign Investors in Emerging Economies and International Financial Market Integration

s: This paper looks at ownership restrictions toward international investors in emerging stock markets and its impact on the degree to which they move with more mature markets. Surprisingly, the results show that while emerging markets are positively correlated with industrial markets, the strength of such market comovement is weakened by lower levels of capital restrictions, implying the role ...

Trade Arrangements and Evolving East Asian and Asia Pacific

The paper begins by noting that proposals involving significant developments in the regional tradearchitecture are being developed within regional processes that in some cases are simultaneouslypursuing other dimensions of regional economic integration: monetary and financial cooperation inthe case of ASEAN + 3, and the establishment of a common market in the case of ASEAN. At leastthree of the...

Foreign direct investment and productivity: evidence from the East Asian economies

In this paper, an examination is made of the linkage between foreign direct investment and productivity in eight East Asian economies–China, Hong Kong SAR, Indonesia, Malaysia, Republic of Korea, Singapore, Taiwan Province of China and Thailand. The Granger causality test and the Toda-Yamamoto version of the Granger causality test are used to test if inflows of foreign direct investment “cause”...

Macroeconomic, International Linkage and Effects of External Shocks in Southeast Asian Emerging Economies

This study is an attempt to examine the effects of external shocks on macroeconomic variables in selective small open emerging economies in Southeast Asia. A quarterly Global Vector Autoregressive (GVAR) model, including 33 countries, was used throughout 1979–2013. The empirical results showed that the target countries were affected by external shocks, especially the shocks in the U.S, Euro are...

Emerging and Re-emerging Infectious Diseases in South East Asia