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Asian Development Review: Volume 33, Number 1

Publication | April 2016
Asian Development Review: Volume 33, Number 1

This issue covers export performance of Asian economies in ICT-enabled services, foreign direct investment and terms of trade in South Asia, and preferential agreements on trade and services, among others.

It also includes monetary policy in the People's Republic of China, dynamic effects of changes in the exchange rate system, international trade and risk sharing in the global rice market, and typhoon aid and development.

About the Asian Development Review

The Asian Development Review (ADR) is a professional journal for disseminating the results of economic development research relevant to Asia and the Pacific. ADR is published twice a year, in March and September, by MIT Press. The ADR is a journal of the Asian Development Bank and the Asian Development Bank Institute.

Contents 

  • Information and Communication Technology-Enabled Modern Services Export Performances of Asian Economies - Shahbaz Nasir and Kaliappa Kalirajan
    • Findings suggest that emerging economies need to remove behind-the-border constraints and adopt advanced technologies to catch up with high-performing developed economies.
  • Foreign Direct Investment, Terms of Trade, and Quality Upgrading: What Is So Special about South Asia? - Konstantin M. Wacker, Philipp Grosskurth, and Tabea Lakemann
    • Human capital plays a role in the positive link between foreign direct investment (FDI) and terms of trade. Lagging education levels in South Asia has resulted in a world market integration strategy that specializes in less skills-intensive products and generates associated FDI flows.
  • Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets - Pierre Sauvé and Anirudh Shingal
    • Results suggest that Asian economies with high levels of preexisting bilateral merchandise trade and wide differences in services regulatory frameworks are more likely candidates for services trade agreement formation.
  • Examining Monetary Policy Transmission in the People’s Republic of China—Structural Change Models with a Monetary Policy Index - Paul G. Egan and Anthony J. Leddin
    • Results suggest that monetary policy has an asymmetric affect depending on the level of output in relation to potential, and that exchange rate policy has restricted the effectiveness of the People’s Bank of China’s monetary policy response.
  • Dynamic Effects of Changes in the Exchange Rate System - Naoyuki Yoshino, Sahoko Kaji, and Tamon Asonuma
    • Application of quantitative analysis using data from the People’s Republic of China and Thailand finds that both economies would be better off shifting from a dollar peg to a basket peg or a floating regime over the long run.
  • International Trade and Risk Sharing in the Global Rice Market: The Impact of Foreign and Domestic Supply Shocks - Shikha Jha, Kensuke Kubo, and Bharat Ramaswami
    • No matter the nature of foreign shocks, the principal concern is to stabilize consumption when an economy is hit by negative domestic yield shocks. Findings indicate that domestic rice stocks have been important in stabilizing consumption.
  • Typhoon Aid and Development: The Effects of Typhoon-Resistant Schools and Instructional Resources on Educational Attainment in the Philippines - Ava Gail Cas
    • Findings indicate the presence of typhoon-resistant schools equipped with instructional resources have positive and statistically significant impacts on education outcomes for both boys and girls.