this paper aims to investigate the role of each aggregate spending component in the monetary policy transmission in indonesia. it assesses the relative strength of the role of each spending component in the monetary policy transmission. in so doing, this study employs the contribution analysis, which is calculated based on the cumulative impulse response of each component of gdp to a monetary p...

In contrast to developments in other world regions, efforts to institutionalize regional economic cooperation in East Asia have been weak. Though Southeast Asian economies have taken action toward trade liberalization (ASEAN Free Trade Area), the major economies of the region such as China, Japan and Korea have not been part of any formal trade groupings until recently. Ongoing economic coopera...

Department of Economics, University of Isfahan, Iran   Ahmad Googerdchian   Assistant Professor, Department of Economics, University of Isfahan, Iran     Abstract   Implementing a currency :::union::: may lead members to face financial crisis if their financial markets are not ready to adopt themselves to a new situation. There are still problems like ownership concentration and self-gover...

Over the past four decades the High Performing Asian Economies (HPAE) have followed a development strategy based on the exposure of their local markets to the presence of foreign competition and on an outward oriented production. In contrast, Latin American Economies (LATAM) began taking steps in this direction only in the late eighties and early nineties, but before this period these countries...

A multi-product cost function is estimated using data on the UK higher education system. The results are used to provide information about average incremental costs, economies of scale and economies of scope in a wide variety of institutions. Implications of the analysis are discussed for the identification of allocative and technical efficiencies in universities. JEL Classification: I2, L1.

This paper aims to address two key issues in the agricultural economics of transition economies: (i) what do we understand about the process of agricultural transformation in transition economies with respect to the distribution of collective and state farm assets and why is this process so important; and (ii) why the Joint Stock Company model of agricultural privatisation in transition economi...

Rapid growth and structural change have reduced poverty in East Asian economies. Income inequality has been low in Korea and Taiwan, but has risen in recent years with economic liberalization. In the Southeast Asian economies of Th ailand, Malaysia and Indonesia, poverty has declined, while income inequality trends have varied, rising most clearly in Th ailand. With its strengthened (private) p...

We define as South Asian countries those countries that start with Iran and end with Bangladesh in Asia. Wethen use export statistics in terms of revealed comparative advantage (RCA) for 14 industrial sectors tomeasure distances of export capabilities for these countries in relation to the “Western” developed and EastAsian countries. Statistical methods such as multidimensional scaling and ...

We consider a number of unit root tests for micro panels where the number of individuals is typically large, but the number of time periods is often very small. As we discuss, the presence of a unit root is closely related to the identification of parameters of interest in this context. Calculations of asymptotic local power and Monte Carlo evidence indicate that two simple t-tests based on ord...

This paper discusses inference about the pre and post break value of a scalar parameter in GMM time series models with a single break at an unknown point in time. We show that treating the break date estimated by least squares as the true break date leads to substantially oversized tests and confidence intervals unless the break is large. We develop an alternative test that controls size unifor...