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Articles 1 - 12 of 12
Full-Text Articles in Social and Behavioral Sciences
Beneath And Beyond The Chinese Miracle, Singapore Management University
Beneath And Beyond The Chinese Miracle, Singapore Management University
Perspectives@SMU
China’s rapid economic progress from an impoverished communist state to the world’s second largest economy within just three decades has enthralled many economists. That the country shifted from the classical centrally-planned command economy to one espousing free market practices while maintaining communist rule, has all given rise to this question: What exactly is the China model? Is it the hybrid of innovative state ownership and tight political control? Or is the rapid growth the result of liberal economic and political reforms?
Impact Of Food Inflation On Poverty In The Philippines, Tomoki Fujii
Impact Of Food Inflation On Poverty In The Philippines, Tomoki Fujii
Research Collection School Of Economics
We simulate the impact of actual food price increase between June 2006 and June 2008 on poverty across different areas and whether the household’s main income source is agricultural activities. We explicitly treat heterogeneity in food price changes and the patterns of consumption and production by merging a expenditure survey dataset and a price dataset at the provincial level or lower. While the increase of head count index is larger for non-agricultural households than agricultural households, the opposite is true for the poverty gap and poverty severity measures, because poor agricultural households are particularly vulnerable to food inflation.
When It Comes To Poverty Reduction, Less May Be More, Singapore Management University
When It Comes To Poverty Reduction, Less May Be More, Singapore Management University
Perspectives@SMU
It is a widely accepted belief that people should be better off as the economy expands: The greater the growth, the greater the likelihood that poverty numbers will decline. While there are many good and valid reasons to hold this to be true, exceptions exist, where the lives of the poor have improved rapidly despite slow growth, or where poverty actually increases along with strong economic growth.
Watching The Clock: Challenges For The World's Fastest Growing Economies, Singapore Management University
Watching The Clock: Challenges For The World's Fastest Growing Economies, Singapore Management University
Perspectives@SMU
Double-digit economic growths that are set to propel it to the second biggest economy in the world, overtaking Japan, has made people see China’s rise as remarkable. So confident are the pundits that they have dubbed this to be an “Asian century” and many more are urging for the world to learn Chinese in anticipation of a new world order. But, to renowned historian Wang Gungwu, this fast-paced growth associated with China is not something that is peculiar to the Asian giant only.
Ingredients For Creating And Sustaining Growth For The Long Term, Singapore Management University
Ingredients For Creating And Sustaining Growth For The Long Term, Singapore Management University
Perspectives@SMU
It is easy to explain why organisations need and want to grow. This applies not only to bottom line-oriented companies, but also non-profit entities. Just like the same way business management skills can and should be applied to public sector and not-for-profit set-ups, these organisations do seek growth too. However, while it is easy to engineer short spurts of growth one way or another, what differentiates a successful organisation from one less so, is whether this organisation can sustain growth over the long-term and achieve continuous success.
How The Mindless Growth Mantra Of Modern Economics Is Failing Us, Singapore Management University
How The Mindless Growth Mantra Of Modern Economics Is Failing Us, Singapore Management University
Perspectives@SMU
Just three years after the 2008 global financial crisis, the world wonders, yet again, if another global downturn might be looming.
Growth, Opportunity, And Inequality: Some Empirics From Singapore, Kong Weng Ho
Growth, Opportunity, And Inequality: Some Empirics From Singapore, Kong Weng Ho
Research Collection School Of Economics
While the strategy of openness had earned Singapore rapid economic growth, upward social mobility, and possibly decreasing inequality in the early years of development, the more recent years has seen increasing inequality. With this inequality comes an underlying possibly diminished upward inter-generational mobility, due to skill-biased growth processes, skill-biased parental influence, liberalisation in the education industry, and structural changes in the society, which hurt the human capital accumulation of children in families under economic and intra-household stresses. In particular, paternal influence on educational aspirations and attainment is more pronounced than maternal influence. Non-Chinese and youths from disrupted families are worse …
Warning System For Property Bubbles, Jun Yu, Peter C. B. Phillips
Warning System For Property Bubbles, Jun Yu, Peter C. B. Phillips
Research Collection School Of Economics
A commentary on what constitutes a sound system to warn against property bubbles.
Warning Signs Of Future Asset Bubbles, Peter C. B. Phillips, Jun Yu
Warning Signs Of Future Asset Bubbles, Peter C. B. Phillips, Jun Yu
Research Collection School Of Economics
Values Survey, we find that individuals with higher levels of schooling, but whose income
Why It's Vital To Keep Manufacturing Alive, Augustine H. H. Tan
Why It's Vital To Keep Manufacturing Alive, Augustine H. H. Tan
Research Collection School Of Economics
Augustine Tan responds to Singapore Democratic Party candidate Tan Jee Say's online article.
Wage Subsidies In A Program For Economic Inclusion And Growth, Hian Teck Hoon
Wage Subsidies In A Program For Economic Inclusion And Growth, Hian Teck Hoon
Research Collection School Of Economics
This paper is in three parts. The first part discusses the workings of a wage subsidy scheme in boosting employment and earnings of workers. The second part reviews the empirical evidence on the effectiveness of wage subsidy schemes in countries that have implemented them both as countercyclical policies as well as structural programs to boost long-term earnings and employment of low wage workers. The third part looks at Singapore as a case study of how wage subsidies have been used in a program for generating economic inclusion both in the context of growth as well as in the context of …
Economic Transition, Higher Education And Worker Productivity In China, Belton Fleisher, Yifan Yu, Haizheng Li, Seonghoon Kim
Economic Transition, Higher Education And Worker Productivity In China, Belton Fleisher, Yifan Yu, Haizheng Li, Seonghoon Kim
Research Collection School Of Economics
We investigate the role of education on worker productivity and firms' total factor productivity using a panel of firm-level data from China. We estimate the returns to education by calculating the marginal productivity of workers of different education levels based on estimates of the firm-level production function. We also estimate how the education level of workers and CEO contributes to firms' total factor productivity. Estimated marginal products are much higher than wages, and the gap is larger for highly educated workers. Our estimate shows that an additional year of schooling raises marginal product by 30.1%, and that CEO's education increases …