Open Access. Powered by Scholars. Published by Universities.®

Growth and Development Commons™

Open Access. Powered by Scholars. Published by Universities.®

Singapore Management University

Discipline
Keyword
Publication Year
Publication
Publication Type

Articles 151 - 180 of 239

Full-Text Articles in Growth and Development

Economic Indices: Managing By The Numbers, Singapore Management University Jul 2013

Economic Indices: Managing By The Numbers, Singapore Management University

Perspectives@SMU

Understanding indices is not just about crunching numbers, but appreciating how it is constructed

Go to article

Impact Of Food Inflation On Poverty In The Philippines, Tomoki Fujii Apr 2013

Impact Of Food Inflation On Poverty In The Philippines, Tomoki Fujii

Research Collection School Of Economics

We simulate the impact of food inflation between June 2006 and June 2008 on poverty across different areas and between agricultural and non-agricultural households. We explicitly treat the spatial heterogeneity in food inflation and the differences in consumption and production patterns across households by merging household expenditure survey and price datasets at the provincial level or lower. Although some of the poor agricultural households may have escaped poverty, the poorest of the poor, whether they are in an agricultural household or not, are severely and adversely affected by the food inflation.

Go to article

‘Educating Indonesia’ And The Minister Who’S Making It Happen, Singapore Management University Feb 2013

‘Educating Indonesia’ And The Minister Who’S Making It Happen, Singapore Management University

Perspectives@SMU

Energy and optimism were highlights of the recent speech given by Indonesia’s Trade Minister Gita Wirjawan during the SMU Presidential Distinguished Lecturer Series. While the optimism may be rooted deeply in the potential of Indonesia’s current demographic — more than 30 percent of its population is aged between 19 and 24, and more than 50 percent is under 29, making it one of the youngest productive populations in the world — its economic success story is fact, reflected in its G-20 membership, where it is the second fastest growing economy.Yet much remains to be done to unleash the full potential …

Go to article

Dynamic Poverty Decomposition Analysis: An Application To The Philippines, Tomoki Fujii Nov 2012

Dynamic Poverty Decomposition Analysis: An Application To The Philippines, Tomoki Fujii

Research Collection School Of Economics

In this paper, we propose a new method of poverty decomposition. Our method remedies the shortcomings of existing methods and has some desirable properties such as time-reversion consistency and subperiod additivity. It integrates the existing methods of growth-redistribution decomposition and sector-based decomposition, because it allows us to decompose poverty change into growth and redistribution components for each group (e.g. regions or sectors) in the economy. We extend our method to have six components and provide an empirical application to the Philippines for the period 1985-2009.

Go to article

Central Place Theory And City Size Distribution, Wen-Tai Hsu Sep 2012

Central Place Theory And City Size Distribution, Wen-Tai Hsu

Research Collection School Of Economics

This paper proposes a theory of city size distribution via a hierarchy approach rather than the popular random growth process. It does so by formalizing central place theory using an equilibrium entry model and specifying the conditions under which city size distribution follows a power law. Central place theory describes the way in which a hierarchical city system with different layers of cities serving differently sized market areas is formed from a uniformly populated space. The force driving the city size differences in this model is the heterogeneity in economies of scale across goods. The city size distribution under a …

Go to article

Growth And Inequality In Singapore, Kong Weng Ho Jul 2012

Growth And Inequality In 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 saw increasing inequality and with it an underlying possibly diminished upward intergenerational mobility due to skill-biased growth processes, skill-biased parental influence, liberalization 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, the paternal influence on educational aspiration and attainment is more pronounced than the mother’s. Non-Chinese and youths from disrupted families are worse off …

Go to article

Measuring The Upstreamness Of Production And Trade Flows, Pol Antras, Davin Chor, Thibault Fally, Russell Hillbery May 2012

Measuring The Upstreamness Of Production And Trade Flows, Pol Antras, Davin Chor, Thibault Fally, Russell Hillbery

Research Collection School Of Economics

We propose two distinct approaches to the measurement of industry upstreamness (or average distance from final use) and show that they yield an equivalent measure. Furthermore, we provide two additional interpretations of this measure, one of them related to the concept of forward linkages. We construct this measure for 426 industries using the 2002 US input-output Tables. We also construct our measure using data from selected countries in the OECD STAN database. Finally, we present an application of our measure that explores the determinants of the average upstreamness of exports at the country level using trade flows for 2002.

Go to article

Making Babies: Getting Into The Mood For Love, Singapore Management University Apr 2012

Making Babies: Getting Into The Mood For Love, Singapore Management University

Perspectives@SMU

The pursuit of a perfect partner by women can betraced back to thousands of years ago when the world was still a society of hunters and gatherers. Back then, men tended to provide the family with meat and protection while women stayed at home to plant crops and take care of junior.

Go to article

Markowitz 2.0: Innovations For Asset Allocation, Singapore Management University Mar 2012

Markowitz 2.0: Innovations For Asset Allocation, Singapore Management University

Perspectives@SMU

The economic wreckage from the 2008 global financial crisis dealt a blow to the theoretical foundations of finance and economic. Many of these theories, such as Markowitz’s Modern Portfolio Theory (MPT), were considered received wisdom and taught in practically all business schools. But now they appeared inadequate to the task of handling the “fat-tails” and “black swans” of extreme market events. These crashes were also occurring far more often than predicted by these theories.

Go to article

Risk Management In A Volatile Market, Singapore Management University Jan 2012

Risk Management In A Volatile Market, Singapore Management University

Perspectives@SMU

As stock markets around the world whipsaw in a manner that bewilders even the seasoned trader, an academic has suggested for financial institutions to look more closely at linking dynamic loss tail distributions to contagion modeling for effective risk management.

Go to article

One Mandarin Benefits The Whole Clan: Hometown Infrastructure And Nepotism In An Autocracy, Kieu-Trang Nguyen, Quoc-Anh Do, Anh Tran Jan 2012

One Mandarin Benefits The Whole Clan: Hometown Infrastructure And Nepotism In An Autocracy, Kieu-Trang Nguyen, Quoc-Anh Do, Anh Tran

Research Collection School Of Economics

Duplicate record, see https://ink.library.smu.edu.sg/soe_research/1383. This paper studies nepotism by government officials in an authoritarian regime. We collect a unique dataset of political promotions of officials in Vietnam and estimate their impact on public infrastructure in their hometowns. We find strong positive effects on several outcomes, some with lags, including roads to villages, marketplaces, clean water access, preschools, irrigation, and local radio broadcasters, as well as the hometown’s propensity to benefit from the State’s “poor commune support program”. Nepotism is not limited to only top-level officials, pervasive even among those without direct authority over hometown budgets, stronger when the hometown chairperson’s …

Go to article

An Institutional Perspective And The Role Of The State For Chinese Ofdi, Bing Ren, Hao Liang, Ying Zheng Jan 2012

An Institutional Perspective And The Role Of The State For Chinese Ofdi, Bing Ren, Hao Liang, Ying Zheng

Research Collection Lee Kong Chian School Of Business

Napoleon called China a ‘sleeping dragon’, but recent economic developments as China enters the twenty-first century show that the dragon is awakening. China has maintained strong economic growth since 1979 and sustained a GDP increase of more than 9 percent over the years. The total volume of economic output increased from 2.8 percent in 1970 to 7.23 percent in 2008, ranking China as the third largest economy in the world (United Nation Statistics Division Statistical Databases). China launched its ‘Go Global’ policy in 1999 to encourage highperforming Chinese firms to invest abroad and upgrade their global competence. Since then, outward …

Go to article

Beneath And Beyond The Chinese Miracle, Singapore Management University Dec 2011

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?

Go to article

Impact Of Food Inflation On Poverty In The Philippines, Tomoki Fujii Nov 2011

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.

Go to article

When It Comes To Poverty Reduction, Less May Be More, Singapore Management University Oct 2011

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.

Go to article

Watching The Clock: Challenges For The World's Fastest Growing Economies, Singapore Management University Oct 2011

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.

Go to article

Ingredients For Creating And Sustaining Growth For The Long Term, Singapore Management University Oct 2011

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.

Go to article

How The Mindless Growth Mantra Of Modern Economics Is Failing Us, Singapore Management University Sep 2011

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.

Go to article

Growth, Opportunity, And Inequality: Some Empirics From Singapore, Kong Weng Ho Jul 2011

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 …

Go to article

Warning System For Property Bubbles, Jun Yu, Peter C. B. Phillips May 2011

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.

Go to article

Why It's Vital To Keep Manufacturing Alive, Augustine H. H. Tan Apr 2011

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.

Go to article

Warning Signs Of Future Asset Bubbles, Peter C. B. Phillips, Jun Yu Apr 2011

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

Go to article

Wage Subsidies In A Program For Economic Inclusion And Growth, Hian Teck Hoon Feb 2011

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 …

Go to article

Economic Transition, Higher Education And Worker Productivity In China, Belton Fleisher, Yifan Yu, Haizheng Li, Seonghoon Kim Jan 2011

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 …

Go to article

Comments On “Population Aging And Economic Growth In Asia” By David Bloom, David Canning And Joycelyn Finlay, Roberto S. Mariano Aug 2010

Comments On “Population Aging And Economic Growth In Asia” By David Bloom, David Canning And Joycelyn Finlay, Roberto S. Mariano

Research Collection School Of Economics

No abstract provided.

Go to article

A Shifting Paradigm And Growth Strategies Reappraisal In Post-Crisis Asia, Winston T.H. Koh Aug 2010

A Shifting Paradigm And Growth Strategies Reappraisal In Post-Crisis Asia, Winston T.H. Koh

Research Collection School Of Economics

The Financial Crisis of 2007 has had far-ranging implications for the global economy. Questions were raised if export-led growth model in Asia has hit the limits. Income growth must be inclusive and sustainable, and to be achieved alongside other goals. Asian economies need to rebalance growth toward greater reliance on domestic and regional demand with a greater emphasis on social and environmental sustainability.

Go to article

Collaboration Between The Public And Private Sectors For Urban Development, Sock-Yong Phang Mar 2010

Collaboration Between The Public And Private Sectors For Urban Development, Sock-Yong Phang

Research Collection School Of Economics

In market economies, the government acts in many ways. In traditional public finance literature, the government taxes and provides public and merit goods. In addition, it regulates the behaviour of firms and individuals. In the context of market failures such as natural monopoly, high risk situations or long life projects, the government may choose to act as producer. In the past two decades, however, public sector collaboration with the private sector to achieve socio-economic objectives has become widely utilised as a method for the provision of the myriad of services that has come to be expected of governments.

Go to article

Innovation And Patentability Requirement In A Globalized World, Davin Chor, Edwin L. C. Lai Feb 2010

Innovation And Patentability Requirement In A Globalized World, Davin Chor, Edwin L. C. Lai

Research Collection School Of Economics

One important element of a patent regime is the non-obviousness requirement, which captures the minimum improvement to the best patented technology a new invention is required to make in order for it to be patentable. We call it the required inventive step. We explore the implications of a patenting regime based on required inventive step, by incorporating such intellectual property protection considerations in the quality-improvement model of technology, trade and growth developed by Eaton and Kortum (European Economic Review 2001). In considering whether to increase the inventive step, policy-makers trade off the benefits of a higher rate of innovation against …

Go to article

The National Innovation System Of Singapore, Winston T. H. Koh, Phillip Phan Jan 2010

The National Innovation System Of Singapore, Winston T. H. Koh, Phillip Phan

Research Collection School Of Economics

No abstract provided.

Go to article

Enhancing Income Opportunities, Rashiel Verlarde, Tomoki Fujii, Ulrich Lächler Jan 2010

Enhancing Income Opportunities, Rashiel Verlarde, Tomoki Fujii, Ulrich Lächler

Research Collection School Of Economics

Accelerating growth is essential for poverty reduction. As argued earlier, poverty has failed to decline significantly since the East Asian Crisis due to insufficiently dynamic growth, a high degree of income inequality that reduces the income elasticity of poverty reduction, and an apparent worsening of the income distribution. The first step toward addressing this failure is to accelerate growth, which will not be easy in the short run while the global slowdown continues to run its course. Moreover, even though the global crisis is gradually bottoming out, the post-crisis external environment is likely to be much less favorable than before, …

Go to article

First Prev Next Last