nep-sea New Economics Papers
on South East Asia
Issue of 2021‒09‒27
nineteen papers chosen by
Kavita Iyengar
Asian Development Bank

  1. The world market for safety syringes By Aurelio Volpe; Sara Banfi
  2. A Bibliometric Analysis of Fintech and Blockchain in Islamic Finance By Aysan, Ahmet Faruk; Unal, Ibrahim Musa
  3. Birthplace favoritism and quality of education By Vu, Tien Manh; Yamada, Hiroyuki
  4. Economic linkages, technology transfers, and firm heterogeneity: The case of manufacturing firms in the Southern Key Economic Zone of Vietnam By Nguyen, Chi-Hai; Ngo, Quang-Thanh; Pham, My-Duyen; Nguyen, Anh-Tuan; Huynh, Ngoc-Chuong
  5. Research trends in the field of Islamic Social Finance By Abubakar, Jamila; Aysan, Ahmet Faruk
  6. The Ascent of Islamic Social Finance Reserach By Ahmet Faruk Aysan; Jamila Abubakar; Ahmet Aysan
  7. Medium- and High-Tech Export and Renewable Energy Consumption: Non-Linear Evidence from the ASEAN Countries By Dinh, Cong Khai; Ngo, Quang Thanh; Nguyen, Trung Thanh
  8. Impact of Agricultural Factors on Carbon Footprints for GHG Emission Policies in Asia By Jayasooriya, Sujith
  9. The impact of institutional pressures and top management regulations on firm performance By Khai, Dinh Cong; Thanh, Ngo Quang
  10. Market Efficiency of Asian Stocks: Evidence based on Narayan-Liu-Westerlund GARCH-based Unit root test By Yaya, OlaOluwa S.; Vo, Xuan Vinh; Adekoya, Oluwasegun B.
  11. The turning point of global value chain's Position: The case of emerging East Asian economies By Taguchi, Hiroyuki
  12. Globalized Business of Japanese Multinationals in Latin America: What Trade and Investment Statistics Do Not Show By Mikio Kuwayama
  13. The Hype of Social Capital in the Finance - Growth Nexus By Ibrahim D. Raheem; Kazeem B. Ajide; Xuan V. Vo
  14. Deployment Strategies for Golden Rice in Bangladesh: A Study on Affordability and Varietal Choice with the Target Beneficiaries By Rahman, Mohammad Chhiddikur; Rahaman, Md. Shajedur; Islam, Mohammad Ariful; Omar, Md. Imran; Siddique, Md. Abu Bakr
  15. Money Demand and Inflation in a Highly Dollarized Economy: Fighting Inflation in Cambodia By Chanthol, Hay
  16. Do export transitions differently affect firm productivity? Evidence across Vietnamese manufacturing sectors By Ngo, Thanh; Nguyen, Canh
  17. Smart cities and flagship stores: kitchen furniture By Aurelio Volpe; Donatella Cheri; Sara Banfi
  18. Manufacturing Revolutions: Industrial Policy and Industrialization in South Korea By Nathan Lane
  19. Research productivity: trend and comparative analyses by regions and continents By Samba Diop; Simplice A. Asongu

  1. By: Aurelio Volpe (CSIL Centre for Industrial Studies); Sara Banfi (CSIL Centre for Industrial Studies)
    Abstract: The CSIL Report The world market for safety syringes provides a comprehensive market intelligence on the global level of safety syringes. The findings of the Report focus on safety syringes, but during the analysis other types of syringes have been considered. The research aims at better understanding the global market for safety syringes, its international competitive landscape, and the new opportunities arising from the evolution of its regulation frameworks and the COVID-19 outbreaks. GEOGRAPHICAL COVERAGE: Europe (European Union + UK); USA; Canada; Asia-Pacific (Australia, China, Hong Kong, India, Indonesia, South Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, and Thailand); Middle East (Iran, Iraq, Israel, Kuwait, Saudi Arabia, Syria, and United Arab Emirates); South Americ (Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, and Venezuela); Others (Rest of the world). LEGISLATIVE FRAMEWORK: The Report lists the main injection safety legislations signed by governments and international organizations, which are leading the transition from traditional to safety-engineered syringes in health care settings in order to reduce needle stick injuries. MARKET OVERVIEW AND FORECASTS: Syringes imports and exports are broken down by country and by geographical area of destination/origin (the time frame considered is 2009-2019); The global consumption of syringes is reported in volume and value and it is broken down by geographical area, by application and product (the time frame considered is: 2010-2019), in this section is estimated the size of the market for medical and surgical syringes for human applications and the market for safety syringes (value and volume, 2019); The forecasted evolution of the demand for medical and surgical syringes as well as for safety syringes is provided in volume for the years 2018-2025. COMPETITIVE SYSTEM: An analysis of the leading players selling safety syringes is provided. Sales data, market shares and short profiles of the leading players in the safety syringes industry are also available. An APPENDIX on the Covid-19 vaccine pre-purchases across the globe and total number of COVID-19 vaccinations administered in 2020 is also included.
    JEL: L11 L22 L68
    Date: 2021–01
    URL: http://d.repec.org/n?u=RePEc:mst:csilre:w32&r=
  2. By: Aysan, Ahmet Faruk; Unal, Ibrahim Musa
    Abstract: This paper conducts a bibliometric research in the literature on Fintech and Islamic finance. The data of this study consists of relevant articles obtained from the Scopus database as of February 2021. A keywords bundle related to Islamic finance and keyword has been used for the search, resulting in 89 publishments included in this research. Results show the stunning increase in the Islamic Fintech publishments after 2017, mainly in the fields of cryptocurrencies, micro-finance, impact investing, and SRI investing, and so on. The two main centers of Islamic Fintech research are Malaysia-Indonesia Region and the GCC area. The increasing number of Islamic Fintech publishments show the potential of the field for the industry's future.
    Keywords: Fintech, Islamic, bibliometric, blockchain, cryptocurrency
    JEL: G20
    Date: 2021–09–06
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:109712&r=
  3. By: Vu, Tien Manh; Yamada, Hiroyuki
    Abstract: We investigated the long-term effects of birthplace favoritism by top-ranking politicians on the quality of education in Vietnam. We used over 1 million test scores from the 2009 and 2014 Vietnamese national university entrance examinations. We examined both the different timing of political terms and the total years of birthplace favoritism. Using the school fixed effects, we found that birthplace favoritism did not have any significant impacts, regardless of the timing and duration of such favoritism. The results also suggest that national entrance examinations were unaffected by birthplace favoritism up to 2014.
    Keywords: Favoritism; Test scores; Education; Regional favoritism; Vietnam
    JEL: H75 I21 I28
    Date: 2021–09
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:109718&r=
  4. By: Nguyen, Chi-Hai; Ngo, Quang-Thanh; Pham, My-Duyen; Nguyen, Anh-Tuan; Huynh, Ngoc-Chuong
    Abstract: The current article examines the factors affecting economic linkages in the Southern Key Economic Zone of Vietnam, using a unique 5-year firm-level dataset with 5050 observations, using a unique 5-year firm-level dataset with 5050 observations, which is collected and merged from two data sources namely the Vietnam Technology and Competitiveness Survey and the Vietnam Annual Enterprise Survey in 2015-2019. Empirical results from estimating panel logit models based on different types of economic linkages such as (1) backward economic linkage with the domestic supplier, (2) backward economic linkage with a foreign supplier, (3) forward economic linkage with the domestic customer, and (4) forward economic linkage with a foreign customer reveal the importance of firm characteristics, technology transfer, and economic constraints that cause firms to conduct economic linkages across firm sizes and types of ownership. There is clear evidence for the determinants of economic linkages in manufacturing sectors by firm sizes, and by ownership in this analysis are concerned. To be specific, based on a regression analysis, employment, firm’s experience, technology transfer, and economic constraints stand out as the major drivers of economic linkage of various forms. In addition, results reveal several patterns of economic linkages such as domestic technology embodied economic linkage, local supply-chain technology embodied economic linkage, international/global supply-chain technology embodied economic linkage, local market-explored economic linkage, local market privilege, and foreign market privilege. Moreover, it is evidence that investments in basic infrastructure, transport infrastructure, communication infrastructure, removal of financing constraints, increase the labor supply, improvement of working skills of laborers have favored the growth of economic linkages. Our results initiate policy implications in the context that, apart from the firm’s and the industry sector’s characteristics, economic obstacles and the nature of technology transfer significantly influence the firm’s behaviors of conducting economic linkages in various firm sizes and types of ownership.
    Keywords: Economic linkages; vertical (or backward) linkages, horizontal (or forward) linkages, key economic zone; manufacturing firms; Vietnam
    JEL: M14 N14
    Date: 2021–03–01
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:109670&r=
  5. By: Abubakar, Jamila; Aysan, Ahmet Faruk
    Abstract: This paper is a bibliometric study of the literature in Islamic social finance. The study analyses 595 articles, conference papers, and book chapters in Islamic social finance from 1991 to 2020 published in 262 Scopus indexed journals. The authors sourced the bibliographic data using the keywords “Islam and social finance,” “waqf,” “zakat,” “microfinance,” and variations thereof. This study is essential, especially in the wake of COVID-19 pandemic and the pandemic-induced economic disruption leading to increased global income and social inequalities, putting even more pressure on the SDGs funding gap. Novel solutions to plug the funding Gap are being sought, and recent literature has shown Islamic social finance’s potential as a solution to the SDG’s funding gap. The study finds that researchers in the field closely link Islamic social finance with sustainability and sustainable development concepts, as evidenced in keywords used by authors. We also find that Malaysia and Indonesia are leading the research in ISF. The study aims to map the field of Islamic social finance and provide a reference point for future researchers to identify the gaps in the literature and their role in enriching academic discourse in ISF to position Islamic finance appropriately in the sphere of development economics.
    Keywords: Islamic social finance, Zakat, Waqf, Islamic microfinance, bibliometric, trends, sustainable
    JEL: G00 G19 P00
    Date: 2021–08–05
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:109637&r=
  6. By: Ahmet Faruk Aysan (Department of Economics - Boğaziçi University [Istanbul]); Jamila Abubakar; Ahmet Aysan
    Abstract: This paper is a bibliometric study of the literature in Islamic social finance. The study analyses 595 articles, conference papers, and book chapters in Islamic social finance from 1991 to 2020 published in 262 Scopus indexed journals. The authors sourced the bibliographic data using the keywords "Islam and social finance," "waqf," "zakat," "microfinance," and variations thereof. This study is essential, especially in the wake of COVID-19 pandemic and the pandemic-induced economic disruption leading to increased global income and social inequalities, putting even more pressure on the SDGs funding gap. Novel solutions to plug the funding Gap are being sought, and recent literature has shown Islamic social finance's potential as a solution to the SDG's funding gap. The study finds that researchers in the field closely link Islamic social finance with sustainability and sustainable development concepts, as evidenced in keywords used by authors. We also find that Malaysia and Indonesia are leading the research in ISF. The study aims to map the field of Islamic social finance and provide a reference point for future researchers to identify the gaps in the literature and their role in enriching academic discourse in ISF to position Islamic finance appropriately in the sphere of development economics.
    Keywords: Islamic social finance,Zakat,Waqf,Islamic microfinance,bibliometric,trends,sustainable
    Date: 2021–09–12
    URL: http://d.repec.org/n?u=RePEc:hal:wpaper:hal-03341729&r=
  7. By: Dinh, Cong Khai; Ngo, Quang Thanh; Nguyen, Trung Thanh
    Abstract: Sustaining economic growth while reducing dependence on fossil fuels remains a challenge for our world to fight against climate change and therefore finding a way to promote economic growth and increase renewable energy use is needed. This paper uses a 22-year panel dataset (1994– 2015) of 9 countries in the Association of Southeast Asian Nations provided by the World Bank World Development Indicators to examine the impact of medium- and high-tech export on renewable energy use. We employ a fixed-effects regression model with the Driscoll–Kraay nonparametric covariance matrix estimator to account for sectoral and temporal dependence. We also control for inflation, employment, population growth, and gross domestic product per capita in our estimations. Our results demonstrate a U-shaped association between medium- and high-tech export and renewable energy consumption of these economies. The results propose that enhancing medium- and high-tech export could be a feasible solution for promoting renewable energy consumption.
    Keywords: renewable energy; medium- and high-tech export; economic growth; employment; inflation; ASEAN
    JEL: E0
    Date: 2021–07–22
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:109669&r=
  8. By: Jayasooriya, Sujith
    Abstract: Climate change becomes one of the most severe problems in the World. Notably, carbon footprints are one of the key factors for climate change. The important question is that how to mitigate climate change by adapting mitigation practices in the agricultural sector in Asia. The rationale for the study is to understand the determining factors for the emission of carbon dioxide in the agricultural sector with robust analysis. In terms of policy perspectives as the main emission gases are carbon dioxide, methane, and nitrous oxide. This study is only considered the CO2 emissions from the agricultural sector. The data were obtained from the USDA website supplemented by the WDI of the World Bank in 46 Asian countries from 1970 to 2016. The study applied random and fixed effect models in the panel data analysis to predict the factors affecting the CO2 emission in the agricultural sector. Furthermore, the generalized estimation of equations was also applied to avoid the endogeneity issue while obtaining robust estimates. The agricultural factors like feed, fertilizer, labor, livestock, irrigation, and machinery were significant and positive predictors of the carbon footprints. Thus, the management of sustainable agricultural factors to control the CO2 emission can be proposed for the GHG emission policies in the Asian region.
    Keywords: Agriculture, Carbon footprint, GEE, GHG policies
    JEL: C23 Q1 Q54
    Date: 2021–09–19
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:109790&r=
  9. By: Khai, Dinh Cong; Thanh, Ngo Quang
    Abstract: The manufacturing industry performance in Vietnam has become a significant issue due to covid-19 and other economic factors and needs to examine frequently. Thus, the present research aims to investigate the impact of institutional pressures, such as human resource pressure, resources management pressure and operations management pressures, on the firm performance of the manufacturing industry in Vietnam. This research also examines the mediating impact of top management regulations among the relations of human resource pressure, resources management pressure, operations management pressures and firm performance of the manufacturing industry in Vietnam. The researchers followed the quantitative methods of data collection and used the questionnaires to obtain the data from respondents. A total of 610 questionnaires were sent to them, but only 380 were returned after three weeks and represented approximately 62.29 percent rate of response. This study also used the smart-PLS to examine the relations among the variables. The results indicated that human resource pressure, resources management pressure and operations management pressures positively associate with a firm performance of the manufacturing industry in Vietnam. The results also revealed that top management regulations positively mediate among the links of human resource pressure, resources management pressure, operations management pressures, and firm performance in Vietnam's manufacturing industry. This research has guided the regulators to increase their focus on managing institutional pressures that could enhance the firm performance.
    Keywords: institutional pressure; human resource pressure; resources management pressure; firm performance
    JEL: E0
    Date: 2021–04–14
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:109673&r=
  10. By: Yaya, OlaOluwa S.; Vo, Xuan Vinh; Adekoya, Oluwasegun B.
    Abstract: This study uses the recently developed Generalized Autoregressive Conditional Heteroscedasticity (GARCH) model-based unit root test of Narayan et al. (2016) to examine the stock market efficiency of 19 Asian countries, using daily prices. The model flexibly accounts for heteroskedasticity and two structural breaks, the presence of which can lead to inaccurate results if neglected. Our results disclose the stock markets of 14 countries as inefficient following the rejection of the unit root null hypothesis. However, the stock markets of China, Hong Kong, Japan and the Korea Republic are adjudged efficient. We further extend the model to accommodate a maximum of five breaks to check the robustness of our results to higher breaks. We observe that the results are largely consistent except for Lebanon and Singapore. For completeness, we compare the results with those of conventional GARCH models that do not account for structural breaks and discover differing results for some countries. Hence, the role of structural breaks is not negligible in assessing market efficiency. Future studies should also incorporate heteroskedasticity and structural breaks in their modelling framework to obtain accurate results.
    Keywords: Stock market efficiency; GARCH; Unit root; Structural breaks; Asia
    JEL: C22 G01 G15
    Date: 2021–09–14
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:109828&r=
  11. By: Taguchi, Hiroyuki
    Abstract: This paper aims to examine the dynamic process of participation in global value chains (GVCs) along with development stages in emerging East Asian economies by using the GVC indexes and the UNCTAD-Eora Global Value Chain Database. The main research focus of this study is to investigate a turning point of the GVC position from a downstream-driven participation to an upstream-driven one, which reflects an industrial upgrading from a buyer position for industrial inputs to a supplier position for them. The empirical estimation could verify the U-shaped curve in the combination between the GVC position index and per capita GDP, and identify a turning point of the GVC position in the reasonable range of per capita GDP. The estimation result also showed variability of the turning points in per capita GDP among the sectors: 3,668 US dollars in total industry, 6,088 US dollars in manufacturing sector, and 9,510 US dollars in machinery industry.
    Keywords: Global value chains (GVCs), Turning point, Emerging East Asian economies, GVC position index, U-shaped curve
    JEL: F12 F14 O53
    Date: 2021
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:109795&r=
  12. By: Mikio Kuwayama (Research Fellow of Kobe University Research Institute for Economics and Business (RIEB) and Managing Director of the Japan Association of Latin America and the Caribbean (JALAC).)
    Abstract: China has displaced Japan as the most important Asian trading partner for the Latin American and the Caribbean (LAC) region since the turn of the century. However, this rather pessimistic view of the Japan-LAC commercial relationship based on bilateral trade statistics drastically changes when business activities of Japanese subsidiaries and affiliates (S&As) operating in the LAC region are considered. Extrapolating from the annual surveys of “Basic Survey on Overseas Business Activities” conducted by Japan’s Ministry of Economy, Trade, and Industry (METI), this paper brings to light highly globalized and multi-faceted business operations by Japanese multinational companies operating in LAC, the scale of which goes far beyond the magnitude indicated by Japan’s official trade and investment statistics. Notably, a significant part of their global business is exported to, or sourced from, third countries, which significantly underestimates the scale of trade and investment by these S&As in the LAC region. At the same time, almost half of their sales are directed to domestic/local markets of LAC countries, whereas sales back to Japan are minimal. This paper also evaluates the Japanese S&As performance in LAC with that in other regions (the ASEAN countries in particular), with respect to: 1) industrial/sectoral distribution of their sales and procurements, 2) export orientation, and 3) capital investment, R&D expenditure, and ordinary profit. The paper also points out several distinctive features of S&As business in Brazil and Mexico, their two major host countries in the region.
    Date: 2021–09
    URL: http://d.repec.org/n?u=RePEc:kob:dpaper:dp2021-18&r=
  13. By: Ibrahim D. Raheem (EXCAS, Liège, Belgium); Kazeem B. Ajide (University of Lagos, Nigeria); Xuan V. Vo (University of Economics Ho Chi Minh City, Vietnam)
    Abstract: The trilogy among economic growth, social capital (SC), and financial development is examined based on three hypotheses: first, SC is important in the finance-growth nexus. Second, there is a threshold effect of SC in the finance-growth nexus. Third, the SC-finance-growth trilogy depends on the countries' income level. Building dataset for 70 countries,someinteresting results were obtained: (i) the marginal effects of both SC and finance promotes economic growth at higher levels; (ii)there is evidence of a threshold effect of SC, as finance enhances more growth when SC is below the threshold level; (iii) higher-income countries tend not to benefit from the SC-finance-growth trilogy. These results suggest that the influence of SC on growth trajectory is exaggerated in the literature. The study recommends that policymakers should pursue other sources of economic growth aside SC, while ensuring that the level of SC does not deteriorate.
    Keywords: Economic growth, Financial development, Social capital, and Threshold effect
    JEL: O43 G20
    Date: 2021–01
    URL: http://d.repec.org/n?u=RePEc:abh:wpaper:21/050&r=
  14. By: Rahman, Mohammad Chhiddikur; Rahaman, Md. Shajedur; Islam, Mohammad Ariful; Omar, Md. Imran; Siddique, Md. Abu Bakr
    Abstract: The sustainable development goals emphasized achieving food security and improved nutrition for all. As nothing is more important than health, all should have adequate basic nutrients to lead a healthy life. Vitamin A deficiency (VAD) is a major problem in large parts of the developing world. Apart from acute symptoms of eye problems, VAD also weakens the immune system, thus increasing the incidence and severity of infectious diseases. For adults, the implications can be serious too, especially for pregnant and lactating women. The most affected are the poor, whose diets are predominated by less nutritious staple foods on account of lacking purchasing power and limited awareness. ‘Golden Rice’ has been developed through genetic engineering at Swiss and German universities. It is a new type of rice that contains ‘beta-carotene’, which is converted into vitamin A inside the body as needed and gives the grain its golden color. It’s grown just like ordinary rice and aims to provide 30-50% of the estimated average requirement for vitamin A. It could improve the vitamin A status of deficient food consumers, especially women and children in developing countries. Some optimists praise it as the solution to overcome malnutrition and VAD. It already has received biosafety approval and released in the Philippines and hopes to release in Bangladesh soon. Prior to the release, the healthier rice team aimed to draw a deployment strategy of golden rice in Bangladesh. Therefore, this study has been conducted to assess the affordability and varietal choice of the targeted beneficiaries in the specific regions of Bangladesh.
    Keywords: Golden rice,Deployment policy,Ex-ante,vitamin A deficiency,Bangladesh
    Date: 2021
    URL: http://d.repec.org/n?u=RePEc:zbw:esprep:241994&r=
  15. By: Chanthol, Hay
    Abstract: Money supply in a highly dollarized Cambodian economy appears to be highly unstable because the composition of domestic currency in aggregate money supply is very small. During its transition towards a market economy, Cambodia embarked upon a path of disinflation through dollarization and stable exchange rate. In this paper, the trend and behavior of money supply, money demand and inflation are examined, and a model is developed to explain the determinants of inflation under dollarization and estimate it for Cambodia in the 2000s using a two-step procedure. This paper also shows that management of rice price, gasoline price with a restrictive monetary policy based on broadly defined money or total liquidity was essential for the Cambodian authorities to succeed in fighting inflation. This paper explain the behavior of inflation and the role that a central bank may play in its determination.
    Keywords: money demand, inflation, dollarization, exchange rate
    JEL: E31 E41 E52
    Date: 2021–03–01
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:109805&r=
  16. By: Ngo, Thanh; Nguyen, Canh
    Abstract: This paper, by exploring the enriched information in annual Vietnamese enterprise surveys from 2010 to 2015, tries to shed light on the causal effect of the various statuses of export transitions on total factor productivity occurring across 20 manufacturing sectors and during various phases of export transition. The empirical results derived from the system GMM estimation provide evidence of causal direction from export transitions to total factor productivity, after controlling for endogenous variables and taking firm heterogeneity into account. Our results indicate that export effects on productivity are highly dependent on specific manufacturing sectors, and on type of export transition. From the perspective of trade and industrial policies, while supporting the creation of new exporters, some issues related to a high level of subsidy and tax incentives by the government to every exporting firm and export-oriented unit in every manufacturing sector seem to be questionable.
    Keywords: Learning-by-exporting; total factor productivity; export persistence; export fluctuation; export striving; manufacturing sectors
    JEL: C23 D21 F14 L60
    Date: 2019–10–06
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:98386&r=
  17. By: Aurelio Volpe (CSIL Centre for Industrial Studies); Donatella Cheri (CSIL Centre for Industrial Studies); Sara Banfi (CSIL Centre for Industrial Studies)
    Abstract: The GOAL of the Report 'Smart cities and flagship stores: kitchen furniture" is to provide: Kitchen companies with a tool to identify potential locations where to set their mono-brand stores, keeping into account potential synergies (for instance the presence of complementary brands) as well as an indicator of the cost of the area; The industry, in general, with an analysis on the medium-term trends affecting the main cities worldwide; The Report provides profiles of 85 cities worldwide with a selection of economic and demographic indicators (2013 and 2018), estimates of the potential market for kitchen furniture, in each city and the forecasts for the market development to the year 2023 (*). The study also offers an analysis of the geographical presence of a selected sample of 65 brands, each of which operates as a trend-setter in its own category. Each identified location is characterized by its type (store, multibrand store, shopping centre) and the cost of the area in which they are located. The aim is, thus, to provide a comprehensive view of the cities that a selection of international retailers entered. Finally, each profile presents a selection of kitchen furniture stores, in 82 out of the 85 selected cities. For each CITY PROFILE, the following data, indicators and forecasts are provided: Population and its rank within the sample, 2013, 2018 and 2023; Households and its rank within the sample, 2013, 2018 and 2023; Gross domestic product per capita and its rank within the sample, 2013, 2018 and 2023; Household’s consumption per capita and its rank within the sample, 2013, 2018 and 2023; Gross domestic product and its rank within the sample, 2013, 2018 and 2023; Household’s consumption and its rank within the sample, 2013, 2018 and 2023; Breakdown of households by the level of income, 2013, 2018 and 2023; Kitchen furniture demand and its growth rate, 2013, 2018 and 2023; Spatial analysis of the distribution of 50 brands within the city map; Spatial distribution of a selection of kitchen furniture stores. SELECTED CITIES group by geographic areas: Asia and Pacific: Melbourne, AU; Sydney, AU; Beijing, CN; Chengdu, CN; Chongqing, CN; Guangzhou, CN; Hangzhou, CN; Hong Kong, CN; Jinan, CN; Shanghai, CN; Tianjin, CN; Bangalore, IN; Mumbai, IN; Delhi, IN; Osaka, JP; Tokyo, JP; Seoul, KR; Kuala Lumpur-Klang Valley, MY; Auckland, NZ; Singapore, SG; Bangkok, TH; Ho Chi Minh City, VT. Eastern Europe outside the EU and Russia: Moscow, RU; Saint Petersburg, RU; Ankara, TR; Istanbul, TR; Kiev, UA. Europe: Vienna, AT; Brussels, BE; Prague, CZ; Copenhagen, DK; Helsinki, FI; Lyon, FR; Paris, FR; Berlin, DE; Frankfurt, DE; Munich, DE; Athens, GR; Budapest, HU; Dublin, IE; Milan, IT; Rome, IT; Amsterdam, NL; Oslo, NO; Warsaw, PO; Lisbon, PT; Bucharest, RO; Barcelona, ES; Madrid, ES; Stockholm, SE; Zurich, CH; London, UK; Manchester, UK. Middle East and Africa: Tel Aviv-Jaffa, IL; Doha, QA; Jedda, SA; Riyadh, SA; Cape Town, ZA; Abu Dhabi, AE; Dubai, AE. North America: Montreal, CA; Toronto, CA; Vancouver, CA; Mexico City, MX; Atlanta, US; Boston, US; Chicago, US; Dallas-Fort Worth, US; Detroit, US; Houston, US; Los Angeles, US; Miami, US; Minneapolis-Saint Paul, US; New York, US; Philadelphia, US; Phoenix, US; San Diego, US; San Francisco, US; Seattle, US; Washington, US. South America: Buenos Aires, AR; Rio de Janeiro, BR; Sao Paulo, BR; Santiago de Chile, CL; Bogota, CO; Lima, PE. Among the selected kitchen stores mentioned: 1000 Kuchnie, Al Meera Abu Dhabi, Architecs and Designers Bulding NY, Arredo 3 Mutfak, Binacci, Boffi Berlin, Bulthaup Berlin, Bulthaup Toronto, Bunnings, Cabinets and Beyond, Cabinets To Go, Casa Shopping, Chanintr Living, Da Vinci, Diacocina Madrid, Easy Home Beijing, Eggo, Eurokitchens, German Kitchen Center, Godrej Interio, Gruppo Cucine, HTH, International Market Center, Kaza Planejados, KIC ChongQing, Kitchen&Bath Shop, Kitchen Design Centre, Kitchen Innovation World Shanghai, Kitchen Works LA, Kuchnie Nolte, Kvik, La Cornue, Laura Ashley, Leicht Lisboa,Poggenpohl St Albans, Majestic Kitchens, Marquardt, Miacucina San Diego, Miami Design District, Modular Kitchen Delhi, Oppein Living, Panasonic Living Center, Poggenpohl Boston, Poliform Lyon, Porcelanosa Kitchen, Puustelli,ViA Hong Kong, Scavolini Detroit, Semel Kitchens, Shine Kitchen, Signature Interior, Stopino, theMart Chicago, TKI Amsterdam, Tulp Kitchens, Wuerfel Kuche Bangalore, Zahrani Kitchens. Among the kitchen brands mentioned: Al Meera Kitchens Arc Linea, Bertch, Bilotta, Boffi, Bulthaup, Crystal, Dada, De Wils, Dellanno, Dura Supreme, Elmwood, Eggersmann, Golden Home, Haecker, Hans Krug, Hanssem, Leicht, Lube, Marya, Mobalpa, Nobilia, Nolte, Oppein, Plain&Fancy, Poggenpohl, Poliform, Rutt, Scavolini, Siematic, Signature, Snaidero, Todeschini, Valcucine, Veneta Cucine, Wood Mode, WW Wood Products. Major Local markets monitored: Atlanta, Boston, Chicago, Dallas-Fort Worth, Detroit, Houston, Los Angeles, Miami, Minneapolis-Saint Paul, New York, Philadelphia, Phoenix, San Diego, San Francisco, Seattle, Washington. (*) Our economic and demographic indicator database is dated January 2020, therefore macroeconomic and sectorial estimations and forecasts were made before that date. The world has changed dramatically in the three months as the world has been put in a Great Lockdown. According to the IMF, 'the magnitude and speed of collapse in activity that has followed is unlike anything experienced in our lifetimes'. Up to the publication date of this report updates on forecasts up to 2023 havent be released.
    JEL: L11 L22 L68 L81
    Date: 2021–07
    URL: http://d.repec.org/n?u=RePEc:mst:csilre:s87&r=
  18. By: Nathan Lane (University of Oxford)
    Abstract: I study the impact of industrial policy on industrial development by considering a canonical intervention. Following a political crisis, South Korea dramatically altered its development strategy with a sector-specific industrial policy: the Heavy and Chemical Industry (HCI) drive, 1973-1979. With newly assembled data, I use the sharp introduction and withdrawal of industrial policies to study the impacts of industrial policy — during and after the intervention period. I show (1) HCI promoted the expansion and dynamic comparative advantage of directly targeted industries. (2) Using variation in exposure to policies through the input-output network, I show HCI indirectly benefited downstream users of targeted intermediates. (3) I find direct and indirect benefits of HCI persisted even after the end of HCI, following the 1979 assassination of the president. These effects include the eventual development of directly targeted exporters and their downstream counterparts. Together, my findings suggest that the temporary drive shifted Korean manufacturing into more advanced markets and created durable industrial change. These findings clarify lessons drawn from South Korea and the East Asian growth miracle.
    Keywords: industrial policy, East Asian miracle, economic history, industrial development, Heavy-Chemical Industry Drive
    JEL: L5 O14 O25 N6
    Date: 2021–09
    URL: http://d.repec.org/n?u=RePEc:ajr:sodwps:2021-10&r=
  19. By: Samba Diop (Alioune Diop University, Bambey, Senegal); Simplice A. Asongu (Yaoundé, Cameroon)
    Abstract: Using data for the period 2000 to 2019, the aim of this paper is to: (i) profile and compare research publications in regions and continents worldwide namely Africa, Western Europe, Eastern Europe, Northern America, Latin America, the Asiatic region, the Pacific region and the Middle East; (ii) assess factors associated with research productivity and (iii) verify if African countries are closing the deep gap of research production and by extension, detect factors on which to improve and boost the catch-up process. The empirical evidence is based on the Poisson regression model, quantile regression for counts data and panel negative binomial regression. The findings can be summarised as follows: (i) continuous and linear increasing trends in the production of knowledge are noted in developing regions specifically in Africa even if the contribution of the continent to global research is marginal; (ii) in countries with least production, ‘internet users’ is not significant but schooling modulates its effect on research production contrarily to countries in the upper part of the distribution and (iii) in Africa, if the number of schooling years increases by one, the number of documents or published works produced is expected to increase by a factor of 1.147.
    Keywords: Research productivity; economic development; count data
    JEL: F42 O10 O30 O38 O57
    Date: 2021–01
    URL: http://d.repec.org/n?u=RePEc:abh:wpaper:21/037&r=

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