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| 2. |
- Engvall, Anders, et al.
(författare)
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Poverty in Rural Cambodia : The Differentiated Impact of Linkages, Inputs and Access to Land
- 2008
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Ingår i: Asian Economic Papers. - : MIT Press - Journals. - 1535-3516 .- 1536-0083. ; 7:2, s. 74-95
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Tidskriftsartikel (refereegranskat)abstract
- Cambodia has been growing rapidly over the past few years, but remains one of the poorest countries in East Asia. This paper analyzes rural poverty in Cambodia to identify the factors that explain its occurrence and persistence. The reduction of rural poverty in Cambodia requires (1) improvements in agricultural productivity and (2) the establishment of other income-earning opportunities for the rural population. Our econometric investigation of the 2004 Cambodian Socio-Economic Survey shows that the main causes of poverty differ between landowners and the landless, and between different regions. Increasing inputs to agriculture (e.g., fertilizers) is critical to increasing the welfare of landowning poor, and linkages with the rest of the economy are of vital importance to both landowners and the landless poor.
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| 3. |
- Engvall, Anders, et al.
(författare)
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The dynamics of conflict in southern Thailand
- 2014
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Ingår i: Asian Economic Papers. - : MIT Press. - 1535-3516 .- 1536-0083. ; 13:3, s. 169-189
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Forskningsöversikt (refereegranskat)abstract
- The prolonged insurgency in Southern Thailand has claimed thousands of victims since the outbreak of major violence in 2004. Drawing on a unique data set covering all violent incidents since 2004, a hotspot analysis shows that the bulk of the violence is concentrated in clusters of sub-districts forming hotbeds of conflict. Drivers of conflict are identified through a comparative analysis of the hotspots of violence with less violent areas. The analysis shows that identity manifested in language use and religious practices (rather than international borders, infrastructure, and physical geography) influence the prevalence and patterns of violence.
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| 4. |
- Kyophilavong, Phouphet, et al.
(författare)
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Money Demand in a Dollarized Economy: Evidence from Laos PDR
- 2019
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Ingår i: Asian Economic Papers. - : MIT PRESS. - 1535-3516 .- 1536-0083. ; 18:1, s. 99-115
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Tidskriftsartikel (refereegranskat)abstract
- This paper uses a time series perspective to examine the determinants and stability of the money demand function in the case of Laos PDR. An autoregressive distributed lag bounds testing approach to cointegration in the presence of structural breaks and Granger causality in a vector error correction method framework are applied to data covering the period 1992:Q1 to 2013:Q4. The results indicate that the money demand function is stable when exchange rate fluctuations are incorporated, and the causality analysis reveals that there is a feedback effect between money demand and the exchange rate in the long run. This implies that the exchange rate plays an important role in influencing money demand in the case of a dollarized economy such as that of Laos.
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| 5. |
- Ostrup, Finn, et al.
(författare)
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Origins and Resolution of Financial Crises: Lessons from the Current and Northern European Crises
- 2009
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Ingår i: Asian Economic Papers. - : MIT Press - Journals. - 1535-3516 .- 1536-0083. ; 8:3, s. 178-220
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Tidskriftsartikel (refereegranskat)abstract
- Since July 2007, the world economy has experienced a severe financial crisis that originated in the U.S. housing market. Subsequently, the crisis has spread to financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises rarely distinguishes between factors that create the original strain on the financial sector and factors that explain why these strains lead to system-wide contagion and a possible credit crunch. Most of the literature on financial crises refers to factors that cause an original disruption in the financial system. We argue that a financial crisis with its contagion within the system is caused by failures of legal, regulatory, and political institutions. One policy implication of our view is that various forms of financial rescue would be reduced in times of crisis if appropriate controls and safeguards were already in place. We draw on experiences from the financial crises in the Nordic countries at the end of the 1980s and the beginning of the 1990s. In particular, the Swedish model for crisis resolution, which has received attention during the current crisis, is discussed to illustrate the problems policymakers face in a financial crisis without appropriate institutions. We discuss European Union approaches to the current crisis before turning to policy implications from an emerging market perspective in the current crisis.
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| 6. |
- Sjöholm, Fredrik, et al.
(författare)
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Will science and technology solve China's unemployment problem?
- 2010
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Ingår i: Asian Economic Papers. - 1535-3516 .- 1536-0083. ; 9:2, s. 1-28
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Tidskriftsartikel (refereegranskat)abstract
- China needs a substantial growth of modern-sector employment to absorb its huge supply of underemployed people and new labor market entrants. The present crisis with its massive layoffs of workers makes the issue even more pressing. Although the government has announced large public investments to deal with the business cycle downturn, less attention has been paid to the structural aspects of Chinese underemployment. One exception is the recent emphasis of technology development. However, Science and technology (S&T) can have both positive and negative effects on employment. Using information from a large sample of manufacturing firms in China between 1996 and 2004, we analyze how S&T affects employment. Our results suggest that S&T does not promote employment growth.
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| 7. |
- Campbell, Cynthia J., et al.
(författare)
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The impact of CEO long-term equity-based compensation incentives on economic growth in collectivist versus individualist countries
- 2016
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Ingår i: Asian Economic Papers. - 1535-3516. ; 15:2, s. 109-133
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Tidskriftsartikel (refereegranskat)abstract
- This study examines the impact of the prevalence of long-term equity-based chief executive officer (CEO) compensation incentives on GDP growth, and we address the moderating role of individualist versus collectivist cultures on this relationship. We argue that long-term incentives given to CEOs in some firms may convey to other CEOs that they too may be able to receive such incentives and rewards if they emulate the incentivized and rewarded CEOs. In a longitudinal study across 22 nations over a 5-year period, we find that the higher proportion of CEOs in a country are awarded long-term equity-based incentive compensation, the greater future real GDP growth, particularly in collectivist countries.
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| 8. |
- Chen, Hongyi, et al.
(författare)
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Lessons for China from Financial Liberalization in Scandinavia
- 2014
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Ingår i: Asian Economic Papers. - 1535-3516. ; 13:1, s. 1-50
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Tidskriftsartikel (refereegranskat)abstract
- This report identifies a set of policy lessons for China today drawn from the experience of financial deregulation, financial crisis, and recovery in Scandinavia during the period 1985-2000. Although there are considerable differences between the huge Chinese economy and the small Nordic countries, there are enough similarities to make lesson-drawing a worthwhile exercise. Based on the Scandinavian experience and the added complexity of China's status as a transition economy, financial reforms should strike a proper balance between being gradual (to avoid costly mistakes) and substantive (to secure efficiency gains in the longer term) with due consideration being given to initial conditions concerning regulation, taxes, and exchange rate arrangements. A well-managed process of financial deregulation requires that policymakers and market participants fully understand the linkages between financial reforms and the rest of the economy. In addition, the supervisory and management systems in the financial sector should move in step with the liberalization process.
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| 9. |
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| 10. |
- Lundahl, Mats, et al.
(författare)
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Improving the Lot of the Farmer: Development Challenges in Timor-Leste during the Second Decade of Independence
- 2013
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Ingår i: Asian Economic Papers. - : Massachusetts Institute of Technology Press (MIT Press): Economics Titles. - 1535-3516. ; 12:2, s. 71-96
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Tidskriftsartikel (refereegranskat)abstract
- Large segments of the rural Timorese population survive on subsistence farming characterized by simple production methods and low output. Broad-based improvements in Timorese living standards require increased agricultural output. This article discusses what determines agricultural development in Timor-Leste and how such development can be achieved. The main causes of low agricultural output is found to be scarcity of land and capital, poor technology and education, and lack of government support such as extension services and provision of infrastructure. We construct a model of an agricultural household to examine how increased market incentives will affect agricultural output and incomes. The effects of different price changes on household production, consumption, sales, income and leisure are investigated. We find that the objective of increasing the living standard of Timorese farmers may in part be achieved via increased earning opportunities outside agriculture.
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