Discussions of economic growth usually focus on differences in growth performance. The rapid growth of the 1960s is typically contrasted with the slowdown of the 1970s and 1980s. We contrast the super growth of Asia with the sluggish growth of the European and North-American economies and the economic regression of Africa. In Australian policy discussions, it is particularly common to contrast ...

It has become easier, with the passage of time, to forget what an extraordinary event the Asian financial crisis was. Before the crisis, the countries of east Asia had grown faster, for longer, than any other countries in recorded history. They had transformed their economies and the standard of living of their people in the course of a single generation. In 1960, some of the east Asian countri...

R ecently, a number of Asian economies have been roiled by financial problems, including devaluations of their currencies on international markets and sharp declines in the market valuations of publicly traded companies. The recent problems in Asia have led many analysts to sharply reduce their forecasts for Asian economic growth over the next few years and, consequently, to expect exports to A...

In the wake of the Asian financial crisis, many regimes in Asia adopted stricter provisioning requirements, as well as discretionary measures, with the objective of increasing provisioning in good times in response to rising levels of risk. Based on a final sample of 240 banks in 12 Asian economies, the evidence is that countercyclical loan loss provisioning has dominated throughout emerging As...

The paper examines the impact of trade liberalization on the poor through its impact on prices and incomes .A simple framework is given which traces the impact of trade liberalization on the poor. There is unambiguous empirical evidence from economies around the globe and for some of the Asian economies included in our sample that trade openness promotes economic growth. Raising economic growth...

The End of the East Asian Model? The East Asian financial crisis in 1997, as well as the prolonged slump in Japan in the 1990s, is widely perceived as casting doubt on the viability of the so-called East Asian model in the context of increasingly integrative and competitive financial markets. Some people have been prompted to claim the end of the East Asian model and the universal superiority o...

The abruptness and virulence of the 1997 Asian crises have led many to claim that these crises are of a new breed and thus they were unforecastable. This paper examines 102 financial crises in 20 countries and concludes that the Asian crises are not of a new variety. Overall, the 1997 Asian crises, as well as previous crises in other regions, occur when the economies are in distress, making the...

Various calendar effects of stock markets were widely studied in the past. However, most of the previous studies use traditional methods such as regression. Furthermore, only a few of them studied Asian countries. This study investigates calendar effects, in particular, Halloween and January effects, on securitized real estate indices of eight economies (five of which are Asian economies): Hong...

A number of industrialized and developing countries agreed to the terms of the Kyoto protocol to conserve energy and reduce emissions. The close relationship between energy consumption and real GDP growth suggests that energy conservation policies are likely to affect real GDP growth. In this paper, the possible impact of energy conservation policies on the New Zealand economy is examined and c...

Abstract: This article examines the creation of industrial enterprises and the basic models of firm-level technological learning behaviour of the last 20 years in China. Six case studies of technological learning and links to external sources of know-how from the South of China in the Pearl River Delta are examined. It is shown that the learning process that has been experienced in these enterp...