nep-sea New Economics Papers
on South East Asia
Issue of 2010‒03‒06
four papers chosen by
Kavita Iyengar
Asian Development Bank

  1. Shock Transmission Mechanism of the Economic Crisis in East Asia : An Application of International Input-Output Analysis By Kuroiwa, Ikuo; Kuwamori, Hiroshi
  2. Long-Term Economic Growth and the Standard of Living in Indonesia By Pierre van der Eng; Joerg Baten; Mojgan Stegl
  3. The Role of Central Banks in Sustaining Economic Recovery and in Achieving Financial Stability By Siregar, Reza Yamora; Lim, CS Vincent
  4. Is Specialization Desirable in Committee Decision Making? By Ruth Ben-Yashar; Winston Koh; Shmuel Nitzan

  1. By: Kuroiwa, Ikuo; Kuwamori, Hiroshi
    Abstract: This paper investigates the impacts of the 2008 economic crisis on industries in East Asia. By using the updated Asian international input-output table for 2008, the paper attempts to identify the transmission mechanism and the magnitude of impact of the crisis on industries in East Asia. The analyses reveal that the crisis significantly affected industrial output of the nine East Asian countries. In particular, the countries which are deeply involved in production networks were affected most seriously. Moreover, the analyses show that the impact was transmitted to East Asian industries considerably through the “triangular tradeâ€, in which China imports parts and components from neighboring East Asian countries and then exports final products to the U.S. and EU markets.
    Keywords: International Trade, Input-output Tables, East Asia, Asian International Input-output Table, Triangular Trade, Production Network
    JEL: C67 D57 F14 F15
    Date: 2010–01
  2. By: Pierre van der Eng; Joerg Baten; Mojgan Stegl
    Abstract: This paper analyses the relationship between economic growth and improvements in the standard of living, indicated by average heights. It uses four sets of anthropometric data to construct time series of average human height since the 1770s. The paper observes a significant decline of heights in the 1870s, followed by only modest recovery during the next three decades. Both are related to a sequence of disasters. Average heights increased from the 1900s, accelerating after World War II. The Japanese occupation and war of independence in the 1940s were a set-back. Average height growth is related to improvements in food supply and the disease environment, particularly hygiene and medical care. GDP per capita and average height followed each other in broad terms, but the correlation is far from perfect. The paper offers several hypotheses to explain this fact.
    JEL: N35 O15 I31
    Date: 2010–02
  3. By: Siregar, Reza Yamora; Lim, CS Vincent
    Abstract: Whenever a financial crisis occurs, threatening a possible financial meltdown, central banks have to be at the forefront in combating, neutralizing the crisis and restoring financial stability and economic growth. In this regards, the present sub-prime crisis which originated from the US highlights a few key issues for the Southeast Asian Central banks (SEACEN). This paper reviews the policy responses to the crisis which include exit policy strategies from stimulus monetary packages. To strengthen the soundness of the financial system, going forward, the paper also highlights counter-cyclical and macro-prudential regulations that central banks may want to actively look into. These include cross-border policy cooperation and coordination, particularly in the form of the college of supervisors.
    Keywords: - SEACEN; -Central Banks; - Financial Stability; - Prudential Regulation; -Supervision.
    JEL: E58 E44 E41
    Date: 2010–02–15
  4. By: Ruth Ben-Yashar (Department of Economics, Bar Ilan University); Winston Koh (Singapore Management University); Shmuel Nitzan (Department of Economics, Bar Ilan University)
    Abstract: Committee decision making is examined in this study focusing on the role assigned to the committee members. In particular, we are concerned about the comparison between committee performance under specialization and non-specialization of the decision makers.
    Keywords: framing, project selection, public policy, collective decision making, committee, uncertain dichotomous choice, specialization, simple majority rule
    JEL: D81 D71
    Date: 2009–06

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