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Social and Behavioral Sciences Commons™
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- Development (4)
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Articles 1 - 20 of 20
Full-Text Articles in Social and Behavioral Sciences
Vietnam's Economic Transformation: Embracing Change, Vu Khoan, Philip Charles Zerrillo
Vietnam's Economic Transformation: Embracing Change, Vu Khoan, Philip Charles Zerrillo
Asian Management Insights
The former Deputy Prime Minister of Vietnam from 2002 to 2006, Mr Vu Khoan, talks about the transformation of the country from economic isolationism to its current economic strength, in this interview with Philip Zerrillo.
The New Dragon Dance, Sarita Mathur
The New Dragon Dance, Sarita Mathur
Asian Management Insights
Is China moving to a new normal?
Invitation Strategy For Cutting Edge Industries Through Mncs And Global Talents: The Case Of Singapore, Kim Song Tan
Invitation Strategy For Cutting Edge Industries Through Mncs And Global Talents: The Case Of Singapore, Kim Song Tan
Research Collection School Of Economics
Singapore presents an interesting case of how a country achieves dynamic economic development and innovation through the "invitation" strategy of a business hub. Despite being a small city-state with limited domestic market size and no meaningful hinterland or natural resources to speak of, Singapore has managed to transform its economy dramatically over the past 50 years by leveraging the strengths of other economies. Specifically, it has been able to attract (or "invite") various types of productive resources, including foreign capital, foreign technology and foreign workers (both skilled and unskilled) to make up for what it lacks. This has helped Singapore …
Smarter Banking: Blockchain Technology In The Indian Banking System, Suparna Dhar, Indranil Bose
Smarter Banking: Blockchain Technology In The Indian Banking System, Suparna Dhar, Indranil Bose
Asian Management Insights
Indian banks are currently experiencing poor performance when it comes to debt risk. Burdened with high non-performing loans (NPL), they are putting at risk the funds of investors as well as India’s industrial and economic growth. In addition, the loan management process itself is riddled with inefficiencies. To overcome them, we propose to use blockchain technology.
Asean's Digital Economy, Naveen Menon
Asean's Digital Economy, Naveen Menon
Asian Management Insights
Transforming industries, enriching lives and propelling progress.
Connecting India, Sam Pitroda
Connecting India, Sam Pitroda
Asian Management Insights
Great inventions will not be born in the absence of the will and intent to embrace change and solve wideranging societal problems.
New Skills At Work: Managing Skills Challenges In Asean-5, Kim Song Tan, James T. H. Tang
New Skills At Work: Managing Skills Challenges In Asean-5, Kim Song Tan, James T. H. Tang
Research Collection School Of Economics
The dynamic economies of Singapore, Malaysia, Thailand, Indonesia and the Philippines (ASEAN-5) boasts a growth rate of close to 5% a year despite the sluggish global economy. However, whether ASEAN-5 can grow to be significant players in the global economy will depend critically on their abilities to train workers with relevant job skills required by growth-driving industries. This challenge requires governments and employers to work together and develop coherent policies and targeted incentive structures for workers to acquire general and job-specific skills. The report Managing Skills Challenges in ASEAN-5 provides insights and recommendations on how the ASEAN-5 countries can respond …
Human-Scale Economics: Economic Growth And Poverty Reduction In Northeastern Thailand, Joel D. Moore, John A. Donaldson
Human-Scale Economics: Economic Growth And Poverty Reduction In Northeastern Thailand, Joel D. Moore, John A. Donaldson
Research Collection School of Social Sciences
Under what conditions does economic growth benefit the poor? One way to answer this question is to identify and compare positive and negative outlier areas, those that experience greater and lesser poverty reduction, respectively, compared to what was anticipated given their levels of economic growth. The more similar these areas, the more leverage there is to unearth the factors that allow the poor to benefit from growth. In this paper, we employ an inductive approach to glean possible pathways out of poverty from two highly similar underdeveloped neighboring provinces in northeastern Thailand. Using extensive fieldwork and interviews, we explore factors …
Strategic Interactions In A One-Sector Growth Model, Eric Fesselmeyer, Leonard J. Mirman, Marc Santugini
Strategic Interactions In A One-Sector Growth Model, Eric Fesselmeyer, Leonard J. Mirman, Marc Santugini
Research Collection College of Integrative Studies
We study the effect of dynamic and investment externalities in a one-sector growth model. In our model, two agents interact strategically in the utilization of capital for consumption, savings, and investment in technical progress. We consider two types of investment choices: complements and substitutes. For each case, we derive the equilibrium and provide the corresponding stationary distribution. We then compare the equilibrium with the social planner's solution.
Grandparents: The Silent Engine Behind China’S Economic Growth, Singapore Management University
Grandparents: The Silent Engine Behind China’S Economic Growth, Singapore Management University
Perspectives@SMU
Migrant workers leave behind children to be taken care of by the elderly in villages – it is a win-win arrangement for all involved
Uniform Consistency Of Nonstationary Kernel-Weighted Sample Covariances For Nonparametric Regression, Degui Li, Peter C. B. Phillips, Jiti Gao
Uniform Consistency Of Nonstationary Kernel-Weighted Sample Covariances For Nonparametric Regression, Degui Li, Peter C. B. Phillips, Jiti Gao
Research Collection School Of Economics
We obtain uniform consistency results for kernel-weighted sample covariances in a nonstationary multiple regression framework that allows for both fixed design and random design coefficient variation. In the fixed design case these nonparametric sample covariances have different uniform asymptotic rates depending on direction, a result that differs fundamentally from the random design and stationary cases. The uniform asymptotic rates derived exceed the corresponding rates in the stationary case and confirm the existence of uniform super-consistency. The modelling framework and convergence rates allow for endogeneity and thus broaden the practical econometric import of these results. As a specific application, we establish …
Strategic Interactions In A One-Sector Growth Model, Eric Fesselmeyer, Leonard J. Mirman, Marc Santugini
Strategic Interactions In A One-Sector Growth Model, Eric Fesselmeyer, Leonard J. Mirman, Marc Santugini
Research Collection College of Integrative Studies
We study the effect of dynamic and investment externalities in a one-sector growth model. In our model, two agents interact strategically in the utilization of capital for consumption, savings, and investment in technical progress. We consider two types of investment choices: complements and substitutes. For each case, we derive the equilibrium and provide the corresponding stationary distribution. We then compare the equilibrium with the social planner's solution.
China: Growth Slowing But In Good Shape, Singapore Management University
China: Growth Slowing But In Good Shape, Singapore Management University
Perspectives@SMU
It is still a developing economy with room to grow out of trouble
Education And Leadership: Indispensable For Nigeria's Economic Development, Olusegun Obasanjo, Philip Charles Zerrillo
Education And Leadership: Indispensable For Nigeria's Economic Development, Olusegun Obasanjo, Philip Charles Zerrillo
Asian Management Insights
The former President of Nigeria (1999 to 2007), Olusegun Obasanjo, talks about the nation’s evolving transformation in this interview with Philip Zerrillo.
The Trans-Pacific Partnership And Vietnam, Duong Nhu Hung, Tran Quang Dang
The Trans-Pacific Partnership And Vietnam, Duong Nhu Hung, Tran Quang Dang
Asian Management Insights
Opening up a bold new world for Vietnam’s trade and industry may not be so easy.
Investment-Specific Technical Change And Growth Around The World, Roberto M. Samaniego, Juliana Yu Sun
Investment-Specific Technical Change And Growth Around The World, Roberto M. Samaniego, Juliana Yu Sun
Research Collection School Of Economics
Investment-specific technical change (ISTC) contributes little to growth in most countries. This is because in many countries the investment process does not become notably more efficient over time. Still, cross-country differences in the contribution of ISTC to growth are significant. Differences in the rate of ISTC appear due to cross-country variation in the use of R&D intensive capital goods, as well as trade costs.
Contributions To The Committee On The Future Economy, Singapore Management University
Contributions To The Committee On The Future Economy, Singapore Management University
Research Collection School Of Economics
In response to the call to contribute to the dialogue initiated by the Committee on The Future Economy (CFE), SMU has held a series of engagement sessions with faculty and staff to brainstorm and propose recommendations to add to the government’s deliberations on strategies for the next stage of Singapore’s economic growth. Through the leadership of SMU Provost, Professor Lily Kong, faculty and senior staff produced various recommendations on five key areas namely Corporate Capabilities and Innovation, Future Growth Industries & Markets, Future of Connectivity, Future City and Future Jobs and Skills.
Sanctions Under The Eu Generalised System Of Preferences And Foreign Policy: Coherence By Accident?, Clara Portela, Jan Orbie
Sanctions Under The Eu Generalised System Of Preferences And Foreign Policy: Coherence By Accident?, Clara Portela, Jan Orbie
Research Collection School of Social Sciences
This article investigates the relationship between the European Union's withdrawal of trade benefits for developing countries under the Generalised System of Preferences (GSP) and its sanctions under the Common Foreign and Security Policy (CFSP). Our expectation is that GSP withdrawals and CFSP sanctions will not cohere. However, our research reveals that GSP suspension has been coherent with CFSP sanctions when the latter exist prior to the decision-making process on GSP sanctions and when the International Labour Organisation has set up a Commission of Inquiry condemning the country, as with Myanmar/Burma and Belarus. The presence of separate institutional frameworks explains the …
Hot Property In New Zealand: Empirical Evidence Of Housing Bubbles In The Metropolitan Centres, Ryan Greenaway-Mcgrevy, Peter C. B. Phillips
Hot Property In New Zealand: Empirical Evidence Of Housing Bubbles In The Metropolitan Centres, Ryan Greenaway-Mcgrevy, Peter C. B. Phillips
Research Collection School Of Economics
Using recently developed statistical methods for testing and dating exuberant behaviour in asset prices we document evidence of episodic bubbles in the New Zealand property market over the past two decades. The results show clear evidence of a broad-based New Zealand housing bubble that began in 2003 and collapsed over mid-2007 to early 2008 with the onset of the worldwide recession and the financial crisis. New methods of analysing market contagion are also developed and are used to examine spillovers from the Auckland property market to the other metropolitan centres. Evidence from the latest data reveals that the greater Auckland …
Inference In Near-Singular Regression, Peter C. B. Phillips
Inference In Near-Singular Regression, Peter C. B. Phillips
Research Collection School Of Economics
This paper considers stationary regression models with near-collinear regressors. Limit theory is developed for regression estimates and test statistics in cases where the signal matrix is nearly singular in finite samples and is asymptotically degenerate. Examples include models that involve evaporating trends in the regressors that arise in conditions such as growth convergence. Structural equation models are also considered and limit theory is derived for the corresponding instrumental variable (IV) estimator, Wald test statistic, and overidentification test when the regressors are endogenous. It is shown that near-singular designs of the type considered here are not completely fatal to least squares …