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Full-Text Articles in International Economics
Working Paper No. 47, The Transformation Of Developmental States: Patterns Of Economic Development In South Korea And Taiwan, Mina Kim
Working Papers in Economics
This inquiry considers similar yet contrasting patterns in the economic development of South Korea and Taiwan. Taiwan’s developmental state has tended to exhibit ‘softer’ characteristics than South Korea’s. I identify a tendency for when developmental states face crises and then transition forward to a ‘post-developmental state’. This is traced to the internal 'paradox of success' and external pressure of neoliberal globalization. Though these two countries tend to embrace and rely upon neoliberal policies for economic growth, the speed and degree of systemic change register as different. A 1997 financial crisis appears to have goaded South Korea to move quickly through …
Working Paper No. 48, Struggle Over China, Joshua Stanfill
Working Paper No. 48, Struggle Over China, Joshua Stanfill
Working Papers in Economics
This inquiry seeks to establish that after Dr. Sun Yat-sen thought through and then laid the foundations for the modern Chinese state, a struggle for power emerged between those identifying as nationalists and communists. Sun’s ideas regarding some of the effects of western imperialism on Asian countries were shared by both the Chinese Communist Party and the Nationalist Party under Chiang Kai-shek. The ideological bases for the struggle between the two parties for China emerged in their beliefs regarding relationships between government and citizens, and the role of the government. Soon after Dr. Sun’s death, a struggle for power over …
Unparalleled Opportunities Or Unmitigated Risk? Economic Globalization And Its Impact On State Capacity In The Developing World, John M. Zak
Student Publications
Economic globalization is a phenomenon driving major developments in the international system. With the force of this phenomenon shaping events within states and interactions among them, the question of economic globalization’s impact on state capacity is worthy of an in-depth analysis. In this work I use economic globalization as the central explanatory variable and state capacity as the dependent variable and seek to establish an empirical relationship between the two that will offer the social science community a better understanding of how this phenomenon is shaping state capacity in developing countries. Based on available scholarship, I argue that economic globalization …
Efficiency, Quality Of Forecasts And Radner Equilibria, Shurojit Chatterji, Atsushi Kajii
Efficiency, Quality Of Forecasts And Radner Equilibria, Shurojit Chatterji, Atsushi Kajii
Research Collection School Of Economics
We study a simple two period economy with no uncertainty and complete markets where agents trade based on forecasts about the second period spot price. We propose as our solution concept a set of forecasts with the following properties: there exist (heterogenous) forecasts contained in this set that lead to efficient allocations, the set contains only those forecasts that correspond to some efficient equilibrium, and Önally that the forecasts assign positive probability to the actual market clearing spot price. We call such a set of prices an efficient equilibrium with ambiguity, and interpret it as a generalization of Radner equilibrium …
Interest Rate Setting Behavior In The Philippines, Inigo Ugarte
Interest Rate Setting Behavior In The Philippines, Inigo Ugarte
Economics Student Theses and Capstone Projects
This paper examines the recent conduct of monetary policy in the Philippines and the Bangko Sentral ng Pilipinas’ (BSP) interest rate setting behavior. In this paper, I use a standard open economy reaction function to see whether the BSP reacts more to changes in the inflation rate, exchange rate, and or the output gap. I find that in the Philippines, the interest rate responds strongly to exchange rates. Furthermore, interest rates are less consistently explained by inflation and more accurately explained by exchange rates. This tends to suggest that the BSP goes against its inflation targeting strategy and supports a …
Exchange Rate Regimes And Economic Growth, Amandarae Matthew
Exchange Rate Regimes And Economic Growth, Amandarae Matthew
Undergraduate Theses
This paper explores the relationship between economic growth and exchange rate regimes among countries of lower income, lower middle income, upper middle income, and high-income countries. Countries must make careful consideration when choosing an exchange rate regime because each regime can have different long-term effects. A cross section pooled time series data will be used for a sample of 42 countries over the period of 2000-2018. Multiple models will examine the various relationships between types of exchange rate regimes, changes in exchange rate regimes, and economic growth. The components of the models being tested include political stability, change in terms …
Integration Of And Deliveries Among The World Zionist Organization, Israel, And Diaspora Countries: System Articulation With The Social Fabric Matrix, F. Gregory Hayden
Integration Of And Deliveries Among The World Zionist Organization, Israel, And Diaspora Countries: System Articulation With The Social Fabric Matrix, F. Gregory Hayden
Department of Economics: Faculty Publications
The religious economics (not economics of religion) concern here is the relationship between the World Zionist Organization (WZO) and Israel, which is known as a geopolitical power in its region and which is also known as an economic success story. Joseph Schumpeter and Karl Polanyi explained how the political economy of medieval Europe was influenced and guided by Christian morality. This paper extends the analysis of religious economics by using the social fabric matrix of original institutional economics to define and structure the integration of the WZO, Israel, and the Diaspora countries. This allows us to observe how to conduct …