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Budget Deficits And Economic Activity In Asia
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Book Synopsis Budget Deficits and Economic Activity in Asia by : Kanhaya Gupta
Download or read book Budget Deficits and Economic Activity in Asia written by Kanhaya Gupta and published by Routledge. This book was released on 2006-07-13 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth and persistence of government budget deficits is causing increasing concern in both developed and developing countries. They have provoked extreme responses: some economists hold that they have devasting effects, others that they have no real impact at all. Budget Deficits and Economic Activity in Asia examines both of these claims in the context of the Asian economies. After testing for the feasibility of the current levels of budget deficits and therefore of the current fiscal policies, the author turns to a quantification of the effects on money supply, inflation, aggregate demand and interest rates. The findings for the ten countries studied are far from uniform, but neither of the extreme positions is vindicated. Budget deficits are monetized to a considerable extent, thus impairing or at least reducing the ability of the monetary authority to pursue an independent monetary policy. The widespread view that budget deficits are inflationary because they increase the money supply receives only partial support. The apparent effects on interest rates appear to be positive and as the processes of fiscal deregulation accelerate, interest rates seem set to become even more sensitive to the behaviour of budget deficits. Countries covered include India, South Korea, Thailand and Taiwan.
Book Synopsis Budget Deficits and Economic Activity in Asia by : Kanhaya Lal Gupta
Download or read book Budget Deficits and Economic Activity in Asia written by Kanhaya Lal Gupta and published by . This book was released on 1991 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Money, Budget Deficits, Economic Activity and Prices by : Edward Nelson
Download or read book Money, Budget Deficits, Economic Activity and Prices written by Edward Nelson and published by . This book was released on 1993 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis South Asia Economic Focus by : World Bank
Download or read book South Asia Economic Focus written by World Bank and published by World Bank Publications. This book was released on 2018-10-07 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The South Asia Economic Focus is a biannual economic update presenting recent economic developments and a near term economic outlook for South Asia. It includes a Focus section presenting more in depth analysis of an economic topic of relevance for stability, growth and prosperity in the region as well as country briefs covering Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. It concludes with a data section providing key economic indicators for South Asia "at a glance". Overall, it aims at providing important background information and timely analysis of key indicators and economic and financial developments of relevance to World Bank Group operations and interaction with counterparts in the region, particularly during annual and spring meeting
Book Synopsis Open Economy Macroeconomics in East Asia by : Ahmad Zubaidi Baharumshah
Download or read book Open Economy Macroeconomics in East Asia written by Ahmad Zubaidi Baharumshah and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "The East Asia countries were among the fastest growing economies in the world and of increasing importance to the world economy. These countries have taken the lead in adopting outward-oriented development policies. This volume focuses on the major issues on open economy macroeconomics in the East Asia economies that will be instructive to both academics and policymakers. The emphasis is on the countries that were severely affected by the 1997/98 Asian financial crises. Several aspects of exchange rate, current account, budget deficits, monetary and financial issues are considered in this book. In addition, several chapters are devoted to discussion on the issues of economic integration in the region. The contagion and the currency crisis are also discussed thoroughly. Most of the chapters are empirical in nature and the empirical evidence provided is based on the recent development in time series econometrics methods."--Provided by publisher.
Book Synopsis Economic Outlook for Southeast Asia, China and India 2021 Reallocating Resources for Digitalisation by : OECD
Download or read book Economic Outlook for Southeast Asia, China and India 2021 Reallocating Resources for Digitalisation written by OECD and published by OECD Publishing. This book was released on 2021-02-04 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2021 edition of the Outlook addresses reallocation of resources to digitalisation in response to COVID-19, with special focuses on health, education and Industry 4.0. During the COVID-19 crisis, digitalisation has proved critical to ensuring the continuity of essential services.
Book Synopsis Learning from SARS by : Institute of Medicine
Download or read book Learning from SARS written by Institute of Medicine and published by National Academies Press. This book was released on 2004-04-26 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of severe acute respiratory syndrome (SARS) in late 2002 and 2003 challenged the global public health community to confront a novel epidemic that spread rapidly from its origins in southern China until it had reached more than 25 other countries within a matter of months. In addition to the number of patients infected with the SARS virus, the disease had profound economic and political repercussions in many of the affected regions. Recent reports of isolated new SARS cases and a fear that the disease could reemerge and spread have put public health officials on high alert for any indications of possible new outbreaks. This report examines the response to SARS by public health systems in individual countries, the biology of the SARS coronavirus and related coronaviruses in animals, the economic and political fallout of the SARS epidemic, quarantine law and other public health measures that apply to combating infectious diseases, and the role of international organizations and scientific cooperation in halting the spread of SARS. The report provides an illuminating survey of findings from the epidemic, along with an assessment of what might be needed in order to contain any future outbreaks of SARS or other emerging infections.
Book Synopsis Expansionary Austerity New International Evidence by : Mr.Daniel Leigh
Download or read book Expansionary Austerity New International Evidence written by Mr.Daniel Leigh and published by International Monetary Fund. This book was released on 2011-07-01 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Book Synopsis Economic Management and Transition Towards a Market Economy by : Anthony T H Chin
Download or read book Economic Management and Transition Towards a Market Economy written by Anthony T H Chin and published by World Scientific Publishing Company. This book was released on 1996-10-04 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much attention has been focused in recent years on the transformation of the economies of Eastern and Central Europe and the former Soviet Union. However, a growing demand for policy advice, technical assistance and expertise is also coming from Asian reforming countries such as China, Mongolia, Vietnam, Laos and Cambodia. In addition, business communities abroad are increasingly interested in exploring investment and marketing opportunities in these reforming countries. Such developments are too important to overlook or ignore. The transformation of socialist economies towards market-based systems entails an unusually wide range of problems. Studies of related topics are complicated by the speed of the changes and the lack of clear historical precedents. Although the structural features of Asian reforming economies are in important ways different from those of the Eastern European economies, all socialist economies share similar fundamental conditions on the eve of economic reform which raise a similar set of reform issues. This volume brings together a rich collection of expertise and information in an attempt to shed some light on the transitional process in Asia. The contributions are by no means exhaustive. However, they provide the reader and analyst with an excellent starting point to the problems and prospects which are specific to Asian transforming economies.
Book Synopsis The Global Economic Crisis and Its Implications for Asian Economic Cooperation by : Michael G. Plummer
Download or read book The Global Economic Crisis and Its Implications for Asian Economic Cooperation written by Michael G. Plummer and published by . This book was released on 2009 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inequality, Inclusive Growth, and Fiscal Policy in Asia by : Donghyun Park
Download or read book Inequality, Inclusive Growth, and Fiscal Policy in Asia written by Donghyun Park and published by Routledge. This book was released on 2015-04-17 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing Asia’s sustained rapid growth has improved general living standards and lifted hundreds of millions of Asians out of poverty within a generation. Yet the region now finds itself confronting rising inequality. Countries where inequality has worsened over the past 2 decades collectively account for over 80% of Asia’s population. As a result, governments across the region have begun to accord a higher priority to promoting more inclusive growth. The international experience, especially the experience of the advanced economies, suggests that fiscal policy can make a potent contribution to reducing inequality. This book systematically explores the relationship between both sides of fiscal policy—public spending as well as taxes and other fiscal revenues—and inequality in Asia at great depths. On the basis of the analysis, the book sets forth a number of concrete options for rendering fiscal policy a more effective tool for more inclusive growth that benefits all Asians. Inequality, Inclusive Growth, and Fiscal Policy in Asia is written in response to an issue of growing demand in most Asian countries, and it comes at a time when Asian governments are also beginning to use fiscal policy to bridge the glaring disparities between the rich and the poor of the region. As such, the book will be a highly valuable reference for researchers, policy makers, and students as well.
Book Synopsis Meeting Asia's Infrastructure Needs by : Asian Development Bank
Download or read book Meeting Asia's Infrastructure Needs written by Asian Development Bank and published by Asian Development Bank. This book was released on 2017-02-01 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure is essential for development. This report presents a snapshot of the current condition of developing Asia's infrastructure---defined here as transport, power, telecommunications, and water supply and sanitation. It examines how much the region has been investing in infrastructure and what will likely be needed through 2030. Finally, it analyzes the financial and institutional challenges that will shape future infrastructure investment and development.
Book Synopsis The Effectiveness of Fiscal Policy in Stimulating Economic Activity by : Richard Hemming
Download or read book The Effectiveness of Fiscal Policy in Stimulating Economic Activity written by Richard Hemming and published by International Monetary Fund. This book was released on 2002-12 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.
Book Synopsis Growth in East Asia by : Mr.Michael Sarel
Download or read book Growth in East Asia written by Mr.Michael Sarel and published by International Monetary Fund. This book was released on 1995-09-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the different arguments raised by the studies that addressed the East Asian growth experience. The original arguments presented in this paper are all on the negative side, highlighting problems associated with some of the possible explanations for the East Asian miracle. The paper concentrates mainly on four dimensions of the debate about the East Asian growth experience: (i) The nature of economic growth intensive or extensive?; (ii) The role of public policy and of selective interventions; (iii) The role of high investment rates and a strong export orientation as possible engines of growth; and (iv) The importance of the initial conditions and their relevance for policy.
Book Synopsis The Private Sector’s Role in Poverty Reduction in Asia by : Scott Hipsher
Download or read book The Private Sector’s Role in Poverty Reduction in Asia written by Scott Hipsher and published by Elsevier. This book was released on 2013-01-07 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: The private sector has an important role in poverty reduction in Asia. The Private Sector’s Role in Poverty Reduction in Asia argues that the best way to create sustainable projects is to create win-win situations where both private companies and individuals working their way out of poverty can benefit. The book provides a practical guide for managers and individuals working in the private sector in the least developed areas of Asia to help make a difference to the lives of others. The book’s opening chapter considers the private sector’s role in poverty reduction in Asia and following chapters discuss the variable nature of development, developing economy environments in Asia and business practices and strategies in these economies. A number of Asian economies are considered in turn, including: China; Vietnam; Thailand; Cambodia; Laos PDR; Southeast Asian countries; South Asian countries; Central Asian countries; and the Himalayas. The final chapter looks at creating sustainable win-win situations. Focuses on practical advice for acting managers Uses primary research carried out in developing economies, with interviews and ideas from local managers and business owners Covers a variety of academic theories, empirical evidence and personal experiences of individuals working in the region
Book Synopsis Innovative East Asia by : Shahid Yusuf
Download or read book Innovative East Asia written by Shahid Yusuf and published by World Bank Publications. This book was released on 2003 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of East Asia in the global economy is now unquestionable, and its market expansion, driven by a population of nearly 1.9 billion, will strongly influence the tempo of international trade and growth of global incomes, However, while the region's economies have amply demonstrated their potential, their future performance is by no means ensured. This book offers an in-depth analysis of the policy trade-offs identified in the recently published Can East Asia Compete? (WB and OUP, 2002). The major contribution of the new book to that it shows how stability can be a stepping-stone to growth that is led by innovation; identifies and analyzes the ingredients of an innovative economy, and discusses how these ingredients mesh with government policy and market initiatives.
Book Synopsis Policy Advice to Asia in the COVID-19 Era by : Changyong Rhee
Download or read book Policy Advice to Asia in the COVID-19 Era written by Changyong Rhee and published by International Monetary Fund. This book was released on 2021-03-05 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asia-Pacific region was the first to be hit by the COVID-19 pandemic; it put a strain on its people and economies, and policymaking became exceptionally difficult. This departmental paper contains the assessment of the key challenges facing Asia at this critical juncture and policy advice to the region both to address the current challenges and to build the foundations for a more sustainable and inclusive future. The paper focuses on (1) adjusting to the COVID-19 shock, (2) using unconventional policies when policy space is limited, (3) dealing with debt, and (4) helping the vulnerable and greening the recovery. The paper first presents the different ways countries are adjusting to the COVID-19 shock.
