This paper presents empirical evidence that different types of entrepreneurship have varied effects across economies based on a cross-sectional analysis of the relationship between entrepreneurship and economic growth.
23 Jul 2018 | Papers and Briefs | Economics Working Papers
Asian governments curtailed world price transmission to domestic markets to shield consumers from rising global oil prices in 2008. Countries with fiscal surpluses would be in a better fiscal position to respond to steep rises in oil prices.
01 May 2007 | Papers and Briefs | Regional Economic Integration Working Papers
This paper aims to measure and address the dynamic process of economic integration in Asia. It proposes an approach by merging the method of dynamic factor analysis (DFA) with the practically convenient error-correction model (ECM).
01 Nov 2006 | Papers and Briefs | Economics Working Papers
This paper studies the macroeconomic effects of fiscal policy and automatic stabilizers in Bangladesh, the People’s Republic of China, Indonesia, and Philippines by means of structural macroeconometric model simulations.
This paper compares the forecast performance of the automatic leading indicator (ALI) method with the macro econometric structural model (MESM) and seeks ways of improving the ALI method. Inflation and gross domestic product growth form the forecast objects for comparison, using data from People's Republic of China, Indonesia, and Philippines. The ALI method is found to produce better forecasts than MESMs in general, but the method is found to involve greater uncertainty in choosing indicators, mixing data frequencies, and utilizing unrestricted vector auto-regressions.
01 Jun 2006 | Papers and Briefs | Economics Working Papers