Global linkages and economic rebalancing in East Asia / edited by Takuji Kinkyo, Yoichi Matsubayashi, Shigeyuki Hamori.

Format:

Book

Author/Creator:

Kinkyo, Takuji, author.

Contributor:

Hamori, Shigeyuki, 1959-

Kinkyo, Takuji.

Matsubayashi, Yoichi.

Language:

English

Subjects (All):

Economic development--East Asia.

Economic development.

East Asia--Economic conditions--21st century.

East Asia.

East Asia--Economic policy.

East Asia--Foreign economic relations.

Physical Description:

1 online resource (234 p.)

Edition:

1st ed.

Place of Publication:

Singapore ; Hackensack, NJ : World Scientific Publishing Co. Pte. Ltd., c2013.

Language Note:

English

Summary:

In the wake of the global financial crisis, leading industrialized countries have managed to show only a gradual recovery, while East Asian economies have surged ahead. In particular, China achieved growth in excess of 10% in 2010 and is expected to continue growing at a rapid pace. It appears that in the coming years, East Asia will play an even greater role as a growth center leading global economic expansion. Following the Asian currency crisis of 1997-98, consumption and investment in the region decreased considerably, and East Asian economies recovered on the strength of exports. Presentl

Contents:

CONTENTS; About the Editors; Introduction; Part 1. Business Cycle Synchronization; Part 2. Effects of Policy and Institutional Changes; Part 3. Challenges to China's Rebalancing and Sustainable Growth; Acknowledgment; References; Chapter 1 Decoupling - A Re-Examination Hiroshi Tsubouchi and Hideaki Matsuoka; 1. Introduction; 2. Looking Back at the World Economy Since 1990's; 2.1. 1990's - before the Asian financial crisis; 2.2. First half of the 2000's - before the global financial crisis; 2.3. The latter half of the 2000's - after the global financial crisis; 3. Factors Affecting Decoupling

4. Methodology 5. Decomposition of the Forecast Variance; 6. Conclusion; 7. Supplementary Discussion - Why is a Time-varying Parameter Model Used?; Acknowledgments; References; Chapter 2 Business Cycle Synchronization and Production Fragmentation in East Asia Fumihide Takeuchi; 1. Introduction; 2. Related Literature; 3. The Correlation of Business Cycles and Fragmentation; 3.1. Business cycle synchronization in East Asia and in major advanced countries; 3.2. Fragmentation of production in East Asia and Japan/the United States

3.3. Changes in the economic environment after the Asian financial crisis 4. Structural FAVAR; 4.1. Model; 4.2. Data and model selection; 4.3. Empirical Results; 4.3.1. Variance decomposition; 4.3.2. Examination of the factors; 5. Conclusion; References; Chapter 3 Financial Market Linkage in East Asian Countries Kyosuke Shiotani and Yoichi Matsubayashi; 1. Introduction; 2. Literature Review; 3. Methodologies: Bayesian Network Model; 4. Empirical Evidence; 4.1. Data; 4.2. Empirical study; 5. Conclusion; Appendix: Concept and Structure of Bayesian Network; A.1. Basic concept

A.2. Parameter estimation A.3. Learning the Bayesian network; References; Chapter 4 The Impact of East Asian FTAS on the Structure of Demand Hikari Ban; 1. Introduction; 2. Framework and Data; 2.1. CGE and I-O analysis; 2.2. The GTAP model; 2.3. The I-O model; 2.4. Database; 3. CGE Analysis; 3.1. Simulation scenario; 3.2. Simulation results; 4. Input-Output Analysis; 4.1. Dependence on foreign final demand; 4.2. Ripple effects; 5. Conclusion; Appendix; References

Chapter 5 Inflation Targeting in South Korea, Indonesia, the Philippines and Thailand: The Impact on Business Cycle Synchronization Between Each Country and the World Takeshi Inoue, Yuki Toyoshima and Shigeyuki Hamori1. Introduction; 2. Background and Features of IT in the Four Asian Countries; 2.1. South Korea; 2.2. Indonesia; 2.3. The Philippines; 2.4. Thailand; 2.5. Effectiveness of IT in the four Asian countries; 3. Literature Review; 4. Impact of IT Adoption on Business Cycle Synchronization with the Rest of the World; 4.1. Empirical techniques; 4.2. Data; 4.3. Empirical results

5. Conclusion

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-299-28124-9

981-4412-85-6

OCLC:

830161991