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The Macroeconomics of East Asian Growth

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The Macroeconomics of East Asian Growth

9781840646382 Edward Elgar Publishing
Yanrui Wu, Professor in Economics, University of Western Australia, Australia
Publication Date: 2002 ISBN: 978 1 84064 638 2 Extent: 256 pp
Yanrui Wu addresses some of the most critical macroeconomic issues associated with East Asian growth. Principally focusing on the most rapidly emerging economies in the region, the author covers a broad base of topics. Several determinants of growth are examined and in each case an analytical framework is applied to empirical data.

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During the past few decades the economies of East and South East Asia have grown at a significant rate, resulting in a large proportion of the world’s population being relieved from poverty in a relatively short space of time. This unprecedented phenomena underlines the importance of understanding the driving forces behind the growth ‘miracle’ of East Asia.

Yanrui Wu addresses some of the most critical macroeconomic issues associated with East Asian growth. Principally focusing on the most rapidly emerging economies in the region, the author covers a broad base of topics. Several determinants of growth are examined and in each case an analytical framework is applied to empirical data. Specific themes include:

• economic openness and growth
• stock market development
• intra-industry trade
• growth engines in Singapore
• productivity growth in Taiwan
• the Asian financial crisis.

Employing both cross-country analyses and case studies of individual economies, this important new book substantially contributes to the many debates surrounding economic growth in East Asia. The author’s concise yet absorbing style will appeal to economic researchers, lecturers and students of economics, as well as business economists and market analysts.
Critical Acclaim
‘. . . it will be a very good reference, not only for researchers interested in East Asia, but also for final year undergraduate students learning the craft of empirical investigation.’
– Mun-Heng Toh, Economic Record
Contributors
With contributions from: J. Boo, A. Tan, A.W. Tan, R. Wong, C.H.B. Yeo
Contents
Contents: Preface 1. Introduction 2. Openness and Growth 3. The Impact of Stock Markets 4. Intra–Industry Trade 5. The Role of Productivity Growth 6. Mechanics of Growth: The Singaporean Experience 7. Asian Financial Crisis and Recovery Bibliography Index
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