nep-sea New Economics Papers
on South East Asia
Issue of 2014‒10‒13
23 papers chosen by
Kavita Iyengar
Asian Development Bank

  1. Asia Bond Monitor - March 2014 By Asian Development Bank (ADB); ; ;
  2. Poverty Impacts of Trade Liberalization: The Case of Indonesia By Guntur Sugiyarto; Erwin Corong
  3. Philippines: Selected Issues By International Monetary Fund. Asia and Pacific Dept
  4. Distribution of Government Expenditure and Demand for Education Services: The Case of Indonesia By Wawan JUSWANTO
  5. Australia and Indonesia: Neighbours forever. Creation Date: 1986 By H.W. Arndt
  6. The Impact of Oil Price Behavior on the Poor in Nanggroe Aceh Darussalam Province, Indonesia By Sofyan SYAHNUR; Klaus FROHBERG
  7. Metal Markets and East Asia: Emerging trends, issues and policies, Part III Creation Date: 1997 By R.A. Greig
  8. Import Penetration, Export Orientation and Plant Size in Indonesian Manufacturing By Sadayuki TAKII
  9. Value Chain in East Asia Production Network -An International Input-output Model Based Analysis By Zhi WANG; Shangjin WEI; Kei-Mu YI
  10. ASEAN Beyond 2015: Stimulating Innovation in ASEAN Institutional Suppor, R & D Acvtivity and Intellectual Property Rights By Rajah Rasiah
  11. Export Performance and Economic Development in Thailand Creation Date: 1998 By M.A.B. Siddique; E.A. Selvanathan
  12. Japan’s Contribution to the Aging Society in Southeast Asia Through State-of-the-Art Medical Technology(in Japanese) By MURATA Takashi; SHINOHARA Chie
  13. Capital Flows During Quantitative Easing and Aftermath: Experiences of Asian Countries By Park, Donghyun; Ramayandi, Arief; Shin, Kwanho
  14. Impact of Community-based Tourism in a Village Economy in Thailand: An analysis with VCGE model By Komsan SURIYA
  15. A General Equilibrium Model of the Impact of Impedance Factor in Transport on Interregional Flows in the Philippines By Cristela Dakila; Shoshi Mizokami
  16. Infrastructure investments in the main emerging countries By Luca Antonelli; Lorenzo Bencivelli; Annalisa Bucalossi; Luigi Concistrè; Raffaele De Marchi; Giorgio Merlonghi; Valeria Rolli; Giorgio Trebeschi
  17. Factors influencing the formation of corruption in oil-rich countries By Masoome Fouladi; Hedieh Setayesh; Yazdan Goudarzi-Farahani
  18. The Role of Fiscal Stimulus and Monetary Easing in Indonesian Economy during Global Financial Crisis: Financial Computable General Equilibrium Approach By Iskandar SIMORANGKIR; Justina ADAMANTI
  19. Unraveling causality in government spending and economic development: The Philippine experience, 1980-2004 By Jodylyn Quijano; Dante Garcia
  20. How Restrictive Are ASEAN's RoO? By Olivier CADOT; Lili Yan ING
  21. Economy-Wide Impact of Forest Plantation Development in Laos Using a Dynamic General Equilibrium Approach By Somvang PHIMMAVONG; Ian FERGUSON; Barbara OZARSKA
  22. The Effectiveness of Malaysian Capital Outflow Controls of 1998 By Jarita DUASA
  23. Modified QML Estimation of Spatial Autoregressive Models with Unknown Heteroskedasticity and Nonnormality By Shew Fan Liu; Zhenlin Yang

  1. By: Asian Development Bank (ADB); (Office of Regional Economic Integration, ADB); ;
    Abstract: This publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. It covers the 10 members of the Association of Southeast Asian Nations plus the People’s Republic of China; Hong Kong, China; and the Republic of Korea.
    Keywords: adb, asian development bank, asdb, asia, pacific, poverty asia, bonds, asian bonds, local currency bonds, capital flows, liquidity, monetary policy, hedging, Federal Reserve, financial contagion, sukuk, Islamic finance, Shariah, volatility, lending, borrowing, bond yield, tapering, market crash
    Date: 2014–03
  2. By: Guntur Sugiyarto; Erwin Corong
  3. By: International Monetary Fund. Asia and Pacific Dept
    Keywords: Inflation;Monetary policy;Employment;Labor markets;Banks;Financial institutions;Selected Issues Papers;Philippines;
    Date: 2014–08–08
  4. By: Wawan JUSWANTO
  5. By: H.W. Arndt
  6. By: Sofyan SYAHNUR; Klaus FROHBERG
  7. By: R.A. Greig
  8. By: Sadayuki TAKII (Seinan Gakuin University)
    Abstract: This paper empirically examines differential impacts of globalisation on plant size among plants with different characteristics, including initial plant size, import and export status, and ownership. After accounting for other characteristics, results of this analysis suggest that both import penetration and export orientation do not have differential impacts on the size of larger and smaller plants. This is contrary to fears that only relatively large plants can benefit from globalisation while smaller plants would lose their market shares. The results also suggest that negative impact of import penetration on plant size is greater for importers and that the increase in export orientation positively impacts the size of exporting plants.
    Keywords: Globalisation, Plant size, Indonesia
    JEL: F14
    Date: 2014
  9. By: Zhi WANG; Shangjin WEI; Kei-Mu YI
  10. By: Rajah Rasiah (University of Malaya, Malaysia)
    Abstract: The Policy Brief suggests initiatives that poorer ASEAN member governments should take to stimulate technological upgrading of firms at the bottom with a focus on innovation, and discusses the governance framework of intellectual property rights (IPRs) in ASEAN. With an emphasis on technology as the driver of economic growth, typologies of taxonomies and trajectories are used to evolve a policy framework to coordinate the relationship between macro-institutions, meso-organizations and micro-agents (firms) for ASEAN members to transform from developing nations to join Singapore as developed nations. Recognizing the varying capacities of ASEAN members, the paper recommends that a common platform of IPRs be developed with the more developed members assisting the least developed ASEAN members to quicken the development of a technologically more egalitarian region.
    Date: 2014–06
  11. By: M.A.B. Siddique; E.A. Selvanathan
  12. By: MURATA Takashi; SHINOHARA Chie
    Abstract: Being healthy is one of the most important factors that affect the degree of human happiness. In an aging society, deaths due to cancer tend to increase. When considering the improvement of wealth of the aging society in Southeast Asia, the international transfer of Japanese R&D results and experiences in the field of heavy ion-beam cancer therapy, which is characterized as a minimally invasive treatment, is one of the appropriate forms of Japanese contribution. Integration of governmental policy measures is indispensable to the international development of heavy ion-beam cancer therapy
    Date: 2013–06
  13. By: Park, Donghyun (Asian Development Bank); Ramayandi, Arief (Asian Development Bank); Shin, Kwanho (Korea University)
    Abstract: A potentially important side effect of quantitative easing(QE) by the United States (US) Federal Reserve System (the Fed) is the expansion of capital flows into developing countries. As a result, there is widespread concern that QE tapering may trigger financial instability in those countries. The central objective of our paper is to empirically investigate this important issue by (1)examining the effect of QE on capital flows into developing Asia, and (2) analyzing the different factors which influence the effect of QE tapering on financial instability in order to identify the most significant factors. We find that QE1 had a bigger impact on capital flows than QE2 and QE3, and credit expansion and capital inflows magnified the effect of QE tapering on financial instability. While there is no evidence that macroprudential policies directly reduced the effect of QE tapering, they can nevertheless be useful preemptive measures.
    Keywords: Asia; capital flows; financial stability; global financial crisis; macroprudential measures; quantitative easing; tapering
    JEL: F32 F44 G01
    Date: 2014–09–01
  14. By: Komsan SURIYA
  15. By: Cristela Dakila; Shoshi Mizokami
  16. By: Luca Antonelli (Banca d'Italia); Lorenzo Bencivelli (Banca d'Italia); Annalisa Bucalossi (Banca d'Italia); Luigi Concistrè (Banca d'Italia); Raffaele De Marchi (Banca d'Italia); Giorgio Merlonghi (Banca d'Italia); Valeria Rolli (Banca d'Italia); Giorgio Trebeschi (Banca d'Italia)
    Abstract: This paper surveys the current conditions and prospects for the infrastructure sector in seven large emerging countries - Brazil, China, India, Indonesia, Mexico, Russia and Turkey - assessing the adequacy of their current infrastructural endowment and illustrating the latest government investment plans. It also discusses the extent of private sector involvement and the main obstacles to the realization of the planned investments, including those related to the limited availability and high costs of financing. The seven countries cited in the research, which all have large domestic markets (either effective or potential) coupled with substantial requirements for new investment in public infrastructure, are of undoubted strategic importance for Italian firms operating in the infrastructure sector and planning international expansion.
    Keywords: economic development, infrastructure investments
    JEL: O12 O16
    Date: 2014–09
  17. By: Masoome Fouladi; Hedieh Setayesh; Yazdan Goudarzi-Farahani
    Abstract: Corruption undermines economic development and therefore it is one of the major factors hindering economic growth and political stability, especially in the developing countries. Studies in recent years show that countries with rich natural resources have the potential to shape corruption. Several studies have been done about this subject and different factors have been considered that most important are mechanisms for transparency, good management, good governance, human development and the degree of state dependence on oil revenues. This paper examines the factors affecting the level of corruption in 31 oil countries. This study uses GMM method and the period of time is 2000 to 2010 The results indicate that the size of the oil sector, government size, inflation, private sector debt, liquidity and democracy have a direct relationship with the level of corruption in these countries. However, the added value of the agricultural and industrial sectors and human development, relationships are reversed. So that with an increase in these indicators, the level of corruption in these countries has declined.
    Keywords: Algeria, Angola, Argentina, Australia, Azerbaijan, Brazil, Canada, China, Ecuador, Egypt, India, Andvnzhy, Iran, Iraq, Kazakhstan, Kuwait, Libya, Malaysia, Mexico, Norway, Oman, Qatar, Russia, Saudi Arabia, Sudan, United Arabic Emirates, United Kingdom, America, Venezuela and Vietnam., Other issues, Socio-economic development
    Date: 2014–10–01
  18. By: Iskandar SIMORANGKIR; Justina ADAMANTI
  19. By: Jodylyn Quijano; Dante Garcia
  20. By: Olivier CADOT (University of Lausanne, CEPR and FERDI); Lili Yan ING (Economic Research Institute for ASEAN and East Asia (ERIA) and University of Indonesia)
    Abstract: This paper uses a disaggregated (product-level) gravity approach to estimate the effect of ASEAN’s product-specific rules of origin (RoO) on regional trade, using original data on rules applicable at the six-digit level of the harmonized system. Overall, we find that the average ad-valorem equivalent (AVE) of ASEAN’s RoO’s is 3.40 percent across all instruments and sectors. The trade-weighted average is 2.09 percent. This moderate estimate is in line with the existing literature. However, we also find fairly high AVEs for some sectors including leather, textile and apparel, footwear, and automobiles. We also find that some rules appear more restrictive than others; in this regard, the Textile Rule seems to stand out as a relatively more trade-inhibiting rule than others.
    Keywords: Rules of Origin, Gravity equation, International Trade, ASEAN, Global Value Chains
    JEL: F12 F13 F14 F15
    Date: 2014
  21. By: Somvang PHIMMAVONG; Ian FERGUSON; Barbara OZARSKA
  22. By: Jarita DUASA
  23. By: Shew Fan Liu (School of Economics, Singapore Management University, Singapore, 178903); Zhenlin Yang (School of Economics, Singapore Management University, Singapore, 178903)
    Abstract: In the presence of heteroskedasticity, Lin and Lee (2010) show that the quasi maximum likelihood (QML) estimators of spatial autoregressive models (SAR) can be inconsistent as a ‘necessary’ condition for consistency can be violated, and thus propose robust GMM estimators for the model. In this paper, we first show that this condition may hold in many practical situations and when it does the regular QML estimators can be consistent. In cases where this condition is violated, we propose a modified QML estimation method robust against heteroskedasticity of unknown form. In both cases, asymptotic distributions of the estimators are derived, and methods for estimating robust variances are given, leading to robust inferences for the model. Extensive Monte Carlo results show that the modified QML estimator outperforms the GMM estimators, and the regular QML estimator even when it is consistent. The proposed robust inference methods can also be easily applied.
    Keywords: Spatial dependence; Unknown heteroskedasticity; Nonnormality; Modified QML estimator; Robust standard error
    JEL: C10 C13 C15 C21
    Date: 2014–09

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