Financial integration of East Asian economies: evidence from real interest parity

Flow-on effects from the East Asian financial crisis on Pacific island economies

Convergence of Real Per Capita GDP within East Asian and Middle East Countries: Panel Unit Root Evidence

This paper examines convergence of real GDP per capita in the selected East Asian countries and this relationship with selected Middle East countries during the period 1950-2009. The reason behind this refers to the fact that East Asia countries (including China, Hong Kong, Singapore, Malaysia, Indonesia, Thailand, Japan and South Korea) have been involved in achieving success arising from regi...

The Effect of Ease of Doing Business on Capital Flight: Evidence from East Asian Countries

T he business environment is characterized by environmental and exogenous factors that affect company performance to the extent that it prevents managers from interacting effectively with a company. This study built on the literature on the ease of doing business and capital flight by empirically demonstrating the importance of business environments across different countries. To thi...

Do External Funds Yield Lower Returns ? Recent Evidence from East Asian Economies

There is little micro-economic evidence of the macroeconomic argument of excessive borrowing and overinvestment in East Asia before the crisis of 1997. Using firmlevel panel data-set from four Asian countries, this paper examines the efficiency of internal and external funds and compares the rates of return to these funds. We obtain selectivity-corrected random effects estimates of rates of ret...

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”...