Asian Studies | Open Access Articles | Digital Commons Network™

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

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.

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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.

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Competition And Gains From Trade: A Quantitative Analysis Of China Between 1995 And 2004, Wen-Tai Hsu, Yi Lu, Guiying Laura Wu

Research Collection School Of Economics

This paper provides a quantitative analysis of gains from trade for China over the period of 1995-2004, which was when China's openness drastically improved. We decompose gains from trade in two ways. First, we disentangle pro-competitive effects from a traditional Ricardian effect. Second, we separate the effect due to tariff reductions from that due to reductions in non-tariff trade costs. Our quantitative analysis shows that the pro-competitive effects account for 25.4% of the total welfare gains from trade, whereas the allocative effciency alone accounts for 22.3%. We also find that tariff reductions account for about 31.6% of reductions of overall …

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Where Women Stand In Rural Electrification Efforts: An Exploratory Study Within Gujarat, Meital Rosenberg

Independent Study Project (ISP) Collection

Since its 2003 village electrification scheme, the state of Gujarat has been acclaimed for providing rural households with 24-hour access and farmers with uninterrupted 8-hour power supply. The Government of India has emphasized goals of providing electricity for all of its citizens yet has been unable to address glaring discrepancies across the country. For those in rural areas, which is approximately 60-70 percent of India’s population, a varying degree of connection exists plagued by frequent outages, transmission losses, unreliable billing practices, and poor infrastructure maintenance. Gujarat has been reported to have overcome these obstacles with its bifurcation of electricity feeders, …

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Women In Microfinance And Its Social Effects On The Community: A Case Study In Hue, Vietnam, Madison Spigel

Independent Study Project (ISP) Collection

Microfinance, a form of micro lending with no collateral, has been used as a way to finance the poor since the foundation of the Grameen Bank in Bangladesh by Muhammad Yunus in 1983. Since the Doi Moi period, the Vietnamese government has showed great interest in microfinance and has made this loan system available to both its rural and urban citizens through organizations like the Women‟s Union. Through detailed surveys and semi-structured in depth interviews of both women in the Union as well as related parties in Hue, I was able to study how microfinance is used by these women …

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The Chinese Housing Registration System (Hukou): Bridge Or Wall?, Andrew Kryshak

Political Science Theses and Capstones

In 1958 the Chinese government created the hukou housing registration system to control the migration of Chinese citizens from rural to urban areas. A person’s hukou has major implications on their lives; it controls food rations, medical benefits, quality of education, as well as movement within the country. I look to answer the question of whether the hukou can be seen as a bridge with which individuals achieve socially, or is it better seen as a wall that prevents social advancement. This has been a question that researchers have been looking into for many years but there has been no …

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Globalization Of Taste And Modernity: Tracing The Development Of Western Fast Food Corporations In Urban China, Anastasia Gonchar

Student Publications

Food globalization has become an important topic in the discourse on globalization. There has been a rapidly rising trend of multinational food corporations integrating and dominating foreign agro-food markets. A clear example of this trend is present in China, whose economy and food industry experienced an influx of foreign direct investment and multinational retail and restaurant branches during the country’s economic opening in the 1980s. The aim of this research is to analyze the development of food globalization through the lens of Western fast food corporations and their successful integration into the Chinese market. The research also assesses the companies’ …

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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.

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Housing Policies In Singapore, Sock Yong Phang, Matthias Helble

Research Collection School Of Economics

Singapore has developed a unique housing system, with three-quarters of its housing stock built by the Housing & Development Board (HDB) and homeownership financed through Central Provident Fund (CPF) savings. As a result, the country’s homeownership rate of 90% is one of the highest among market economies. At different stages of its economic development, the Government of Singapore was faced with a different set of housing problems. An integrated land–housing supply and financing framework was established in the 1960s to solve the severe housing shortage. By the 1990s, the challenge was that of renewing aging estates and creating a market …

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Is Urban Food Demand In The Philippines Different From China?, Tomoki Fujii

Research Collection School Of Economics

Food is an essential good, and thus understanding its demand is important for the formulation of sound agricultural policies and developing sustainable agricultural business. A timely analysis of food demand is important because it can change over time not only because prices and incomes change but also because people’s taste itself also change. However, even in countries where food accounts for a sizable share of expenditure or where the agricultural sector accounts for a large share of output, careful analysis of food demand is often not readily available. In this study, we analyze the food demand in urban Philippines and …

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Are House Prices Driven By Capital Flows? Evidence From Singapore, Hwee Kwan Chow, Taojun Xie

Research Collection School Of Economics

This paper investigates whether real house price appreciations can be attributed to the surge in real capital inflows into Singapore. We proxy capital flows by using the amount of foreign direct investments (FDI) to real estate capturing the foreign purchases of property in Singapore which we deflate by the private residential property price index. Notwithstanding the absence of a cointegrating relationship, our results support the hypothesis that lagged short term fluctuations in capital inflows are positively associated with the growth rates of house prices over the last decade. We also provide evidence that macroprudential measures implemented by Singapore reduced the …

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Agents Of Change: The Role Of Foreign Financial Institutions In China’S Financial Transformation Since The Early 1990s, Anton Malkin

Theses and Dissertations (Comprehensive)

What role have foreign financial institutions (FFIs) played in China’s financial evolution since the early 1990s? My research finds that FFIs, which include foreign commercial and investment banks, as well as private equity (PE) firms, have played a role in China’s financial evolution in three respects. First, US financial institutions have leveraged their influence in the US government, their ties to other business groups, and mobilized connections with the Chinese elite, to help China to join the World Trade Organization in 2001. This outcome created a relatively open formal, legal environment to foreign actors—helping in the cause of liberalizing China’s …

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Csi Agent On A Mission Game App, Ju Mae Rosie Ching

Research Collection School Of Economics

CSI is a one-of-a-kind and first-ever iPad gaming app released early August, with the flash game at http://www.rosieching.com/csi. My primary objective was to realize my dreamed-up “MISSION STATISTICS” theme for students to apply their skills in hypothesis tests and linear regression. Another is the incorporation of their CSI results into an “enrichment 5%” of their grades. The harder an agent works, the higher his score, the sweeter the fruit of the labour which students always show massive enthusiasm for. It is also critical that students review their real-time progress, and I have ensured that in every step of each country’s …

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Competition And Gains From Trade: A Quantitative Analysis Of China Between 1995 And 2004, Wen-Tai Hsu, Yi Lu, Guiying Laura Wu

Research Collection School Of Economics

This paper provides a quantitative analysis of gains from trade for China over the period of 1995-2004, which was when China's openness drastically improved. We decompose gains from trade in two ways. First, we disentangle pro-competitive effects from a traditional Ricardian effect. Second, we separate the effect due to tariff reductions from that due to reductions in non-tariff trade costs. Our quantitative analysis shows that the pro-competitive effects account for 25.4% of the total welfare gains from trade, whereas the allocative efficiency alone accounts for 22.3%. We also find that tariff reductions account for about 31.6% of reductions of overall …

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New Methodology For Constructing Real Estate Price Indices Applied To The Singapore Residential Market, Liang Jiang, Peter C. B. Phillips, Jun Yu

Research Collection School Of Economics

This paper develops a new methodology for constructing a real estate price index that utilizes all transaction price information, encompassing both single-sales and repeat-sales. The method is less susceptible to specification error than standard hedonic methods and is not subject to the sample selection bias involved in indexes that rely only on repeat sales. The methodology employs a model design that uses a sale pairing process based on the individual building level, rather than the individual house level as is used in the repeat-sales method. The approach extends ideas from repeat-sales methodology in a way that accommodates much wider datasets. …

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More Educated And More Equal? A Comparative Analysis Of Female Education And Employment In Japan, China And India, Sucharita Sinha Mukherjee

Economics Faculty Publications

This paper attempts to explore the connections between expanding female education and the participation of women in paid employment in Japan, China and India, three of Asia's largest economies. Analysis based on existing data and literature shows that despite the large expansion in educational access in these countries in the last half century, women have lacked egalitarian labour market opportunities. A combination of social discouragement and individual choice largely explains the withdrawal, non-participation or intermittent female presence in the labour force, notwithstanding increased educational access. In taking stock of these issues and debates across these countries, it is argued that …

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Real Estate Investments In Asia: More Than A Place To Call Home, John Lim

Asian Management Insights

Real estate investment in Asia is currently trending. But what does the future hold?

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Remittances Without Borders, Tan Swee Liang, S. N. Venkataramanan, Anil Kishora

Research Collection School Of Economics

A Pan-Asian Mobile Remittance Platform might just be the next big disruption in global remittances. One out of every 28 people lives in a country that they were not born in. As migrants, they are estimated by The World Bank to send home US$636 billion in 2017, with three-quarters remitted to developing countries. These remittances form a significant percentage of the Gross Domestic Product (GDP) of many of these developing countries. Given their magnitude and contribution to national economies, even a small reduction in remittance cost adds billions to these local economies. Mobile-to-mobile cross border remittances have recently shown that …

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Cointegration Of Matched Home Purchases And Rental Price Indexes: Evidence From Singapore, Badi H. Baltagi, Jing Li

Research Collection School Of Economics

This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present value relationship in the housing market. Three key findings are obtained. First, we fail to establish a cointegrating relationship between the home purchase price and rental price based on nationally estimated indexes. Second, area-specific indexes demonstrate strong cross-correlations, invalidating the use of first generation panel unit root tests that ignore these cross-correlations. Third, Pesaran's CIPS test indicates …

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Living Arrangements And Psychological Well-Being Of The Elderly After The Economic Transition In Vietnam, Ken Yamada, Bussarawan Teerawichitchainan

Research Collection School of Social Sciences

Objectives: We examine the relationship between living arrangements and psychological well-being of the older adults in Vietnam, where there is an influence of Confucian values and a lack of close substitutes for family care of the older adults, by exploiting a great deal of regional variation in economic development. We also examine the role of living arrangements in well-being differentials across regions. Method: We estimate a triangular simultaneous-equation discrete-response model, which accounts for the simultaneity between living arrangements and psychological well-being (happiness, depression, loneliness, poor appetite, and sleep disorder), using a nationally representative sample of 2,225 adults aged 60 and …

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Monetizing Housing For Retirement In Singapore, Sock Yong Phang

Research Collection School Of Economics

In 2015, the value of housing assets owned by households in Singapore at the aggregate level was 55% of their net worth.1 Ninety percent of Singapore households owned their homes, meaning that almost all households had wealth saved in housing, and households’ housing wealth was 2.1 times that of the country’s gross domestic product. In addition, Singapore is facing an aging population. The resident old age support ratio, defined as the number of persons aged 20–64 per person aged 65 years and over, decreased from 9.0 in 2000 to 5.7 in 2015.2 Against this backdrop of asset-rich and aging households, …

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The Making And Re-Making Of Dolpo Identity: A Case Study Of Do-Tarap, Lin Zhu

Independent Study Project (ISP) Collection

The unbelievably harsh environment in Dolpo forces people to be self-sufficient based on agriculture and husbandry, two sectors that complement each other very well. The condition also requires plentiful communal works for survival. Dolpo’s geographical isolation on the one hand, limits Dolpo-pas from encountering others, and on the other hand, prevents the presence of the central government. Before the 1960’s, Dolpo still remained as a politically autonomous region under the Kingdom of Nepal. However, based on interviews conduced with both local villagers and outsiders such as governmental officials and Nepalese, the paper argues that, starting from the 1960’s, Dolpo-pas began …

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Of Land, Food, And Scale, Singapore Management University

Perspectives@SMU

The competing needs for infrastructure, agriculture, and scale could decide the success of The Asian century

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Building A Better Model: Variable Selection To Predict Poverty In Pakistan And Sri Lanka, Marium Afzal, Jonathan Hersh, David Newhouse

Economics Faculty Articles and Research

Numerous studies have developed models to predict poverty, but surprisingly few have rigorously examined different approaches to developing prediction models. This paper applies out of sample validation techniques to household data from Pakistan and Sri Lanka, to compare the accuracy of regional poverty predictions from models derived using manual selection, stepwise regression, and Lasso-based procedures. It also examines how much incorporating publically available satellite data into the model improves its accuracy. The five main findings are that: 1) Lasso tends to outperform both discretionary and stepwise models in Pakistan, where the set of potential predictors is large. 2) Lasso and …

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Impact Of International Remittances On Schooling In The Philippines: Does The Relationship To The Household Head Matter?, Tomoki Fujii

Research Collection School Of Economics

We study the impact of international remittances on schooling in the Philippines, taking into account the school-age individual's relationship to the household head. This consideration is important because employment opportunities abroad may be taken at the expense of the quality of child rearing. Our estimation results indicate that there are, indeed, significant negative guardian effects on school attendance and education expenditures when children with overseas parents are looked after by a relative other than a parent or grandparent. However, these negative effects tend to be outweighed by the positive impact of remittance flows from overseas.

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The Zen Of Charity Giving In China: An Understanding Of The Chinese Philanthropic Sector And Recommendations On Moving Towards Sustainability, Li Zheng

Capstone Collection

China has shifted from a centrally planned to a market based economy in 1978. Since then, the country has experienced rapid economic growth and social development. With a more liberal economic environment, the voice of civil society becomes stronger, which incentives the emergence of philanthropy and charitable giving. As a result, the government has begun to encourage private donation and development of foundations, while watching carefully and constraining its activities. By analyzing both qualitative and quantitative data, this paper explores and evaluates the effectiveness of this emerging sector. The paper further advocates for improving current charity law and developing a …

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Singapore’S Housing Policies: Responding To The Challenges Of Economic Transitions, Sock Yong Phang

Research Collection School Of Economics

Singapore has developed its own unique state-driven housing system, with more than three quarters of its housing stock built by the Housing and Development Board and homeownership financed through Central Provident Fund savings. As a result, it has one of the highest homeownership rates amongst market economies. This paper provides a historical perspective of the main housing problems faced by successive prime ministers and their respective policy responses. Under the leadership of Prime Minister Lee Kuan Yew (1959-1990), the government established an integrated landhousing supply and housing finance framework to channel much needed resources into the housing sector to deal …

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The Role Of The State In Singapore: Pragmatism In Pursuit Of Growth, Kim Song Tan, Manu Bhaskaran

Research Collection School Of Economics

This paper looks at how government intervention shapes the evolution of the Singapore economy and accounts for its successes and failures over the past 50 years. Compared with other dynamic Asian economies, the Singapore government's approach to intervene in the economy is both more extensive and more intrusive, but with a narrow focus on GDP growth and surplus accumulation as the primary objectives. The ruling government's near complete dominance in politics has enabled it to mobilize resources to create the preconditions for strong GDP growth and high savings. But the impact on the broader development of the economy and the …

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A Curious Study Of China, Sana Khalil

Business Review

China seems well-positioned in terms of innovation output; nonetheless, have underperformed with regards to innovation input which presents a very curious case for study. I investigate the determinants of China's cross-regional innovation output and link the variations in innovation output with the level of economic development. Using panel dataset from 31 regions of China, I show that the differences in China's regional innovation output can significantly be explained by variations in R&D manpower and expenditure, share of highly educated students, and public education spending. Additionally, domestic patent stock, high-tech export share and output value of new products are positively and …

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Full-Text Articles in Asian Studies

China: Growth Slowing But In Good Shape, Singapore Management University

Perspectives@SMU

Education And Leadership: Indispensable For Nigeria's Economic Development, Olusegun Obasanjo, Philip Charles Zerrillo

Asian Management Insights

The Trans-Pacific Partnership And Vietnam, Duong Nhu Hung, Tran Quang Dang

Asian Management Insights

Competition And Gains From Trade: A Quantitative Analysis Of China Between 1995 And 2004, Wen-Tai Hsu, Yi Lu, Guiying Laura Wu

Research Collection School Of Economics

Where Women Stand In Rural Electrification Efforts: An Exploratory Study Within Gujarat, Meital Rosenberg

Independent Study Project (ISP) Collection

Women In Microfinance And Its Social Effects On The Community: A Case Study In Hue, Vietnam, Madison Spigel

Independent Study Project (ISP) Collection

The Chinese Housing Registration System (Hukou): Bridge Or Wall?, Andrew Kryshak

Political Science Theses and Capstones

Globalization Of Taste And Modernity: Tracing The Development Of Western Fast Food Corporations In Urban China, Anastasia Gonchar

Student Publications

Contributions To The Committee On The Future Economy, Singapore Management University

Research Collection School Of Economics

Housing Policies In Singapore, Sock Yong Phang, Matthias Helble

Research Collection School Of Economics

Is Urban Food Demand In The Philippines Different From China?, Tomoki Fujii

Research Collection School Of Economics

Are House Prices Driven By Capital Flows? Evidence From Singapore, Hwee Kwan Chow, Taojun Xie

Research Collection School Of Economics

Agents Of Change: The Role Of Foreign Financial Institutions In China’S Financial Transformation Since The Early 1990s, Anton Malkin

Theses and Dissertations (Comprehensive)

Csi Agent On A Mission Game App, Ju Mae Rosie Ching

Research Collection School Of Economics

Competition And Gains From Trade: A Quantitative Analysis Of China Between 1995 And 2004, Wen-Tai Hsu, Yi Lu, Guiying Laura Wu

Research Collection School Of Economics

New Methodology For Constructing Real Estate Price Indices Applied To The Singapore Residential Market, Liang Jiang, Peter C. B. Phillips, Jun Yu

Research Collection School Of Economics

More Educated And More Equal? A Comparative Analysis Of Female Education And Employment In Japan, China And India, Sucharita Sinha Mukherjee

Economics Faculty Publications

Real Estate Investments In Asia: More Than A Place To Call Home, John Lim

Asian Management Insights

Remittances Without Borders, Tan Swee Liang, S. N. Venkataramanan, Anil Kishora

Research Collection School Of Economics

Cointegration Of Matched Home Purchases And Rental Price Indexes: Evidence From Singapore, Badi H. Baltagi, Jing Li

Research Collection School Of Economics

Living Arrangements And Psychological Well-Being Of The Elderly After The Economic Transition In Vietnam, Ken Yamada, Bussarawan Teerawichitchainan

Research Collection School of Social Sciences

Monetizing Housing For Retirement In Singapore, Sock Yong Phang

Research Collection School Of Economics

The Making And Re-Making Of Dolpo Identity: A Case Study Of Do-Tarap, Lin Zhu

Independent Study Project (ISP) Collection

Of Land, Food, And Scale, Singapore Management University

Perspectives@SMU

Building A Better Model: Variable Selection To Predict Poverty In Pakistan And Sri Lanka, Marium Afzal, Jonathan Hersh, David Newhouse

Economics Faculty Articles and Research

Impact Of International Remittances On Schooling In The Philippines: Does The Relationship To The Household Head Matter?, Tomoki Fujii

Research Collection School Of Economics

The Zen Of Charity Giving In China: An Understanding Of The Chinese Philanthropic Sector And Recommendations On Moving Towards Sustainability, Li Zheng

Capstone Collection

Singapore’S Housing Policies: Responding To The Challenges Of Economic Transitions, Sock Yong Phang

Research Collection School Of Economics

The Role Of The State In Singapore: Pragmatism In Pursuit Of Growth, Kim Song Tan, Manu Bhaskaran

Research Collection School Of Economics

A Curious Study Of China, Sana Khalil

Business Review