Credit Constraints, High Fixed Costs and the Asian Currency Crisis: Firm Level Evidence from Thailand

2005 ◽  
Author(s):  
Robert Dekle ◽  
Chatsurang Cathy Karnchanasai ◽  
Pongsak Hoontrakul
Keyword(s):  
Credit Constraints ◽  
Currency Crisis ◽  
Fixed Costs ◽  
Firm Level ◽  
Asian Currency Crisis

scholarly journals Growth Through Inter-sectoral Knowledge Linkages

2018 ◽  
Vol 86 (5) ◽  
pp. 1827-1866 ◽  
Author(s):  
Jie Cai ◽  
Nan Li
Keyword(s):  
General Equilibrium ◽  
Technological Change ◽  
Equilibrium Model ◽  
New Products ◽  
General Equilibrium Model ◽  
Fixed Costs ◽  
Aggregate Model ◽  
Firm Level ◽  
Firm Innovation ◽  
Aggregate Growth

Abstract The majority of innovations are developed by multi-sector firms. The knowledge needed to invent new products is more easily adapted from some sectors than from others. We study this network of knowledge linkages between sectors and its impact on firm innovation and aggregate growth. We first document a set of sectoral-level and firm-level observations on knowledge applicability and firms’ multi-sector patenting behaviour. We then develop a general equilibrium model of firm innovation in which inter-sectoral knowledge linkages determine the set of sectors a firm chooses to innovate in and how much R&D to invest in each sector. It captures how firms evolve in the technology space, accounts for cross-sector differences in R&D intensity, and describes an aggregate model of technological change. The model matches new observations as demonstrated by simulation. It also yields new insights regarding the mechanism through which sectoral fixed costs of R&D affect growth.

scholarly journals Legacy of the Asian Currency Crisis: The Case of Korea

2012 ◽  
Vol 03 (08) ◽  
pp. 939-942
Author(s):  
Jangryoul Kim ◽  
Gieyoung Lim
Keyword(s):  
Currency Crisis ◽  
Asian Currency Crisis

Contagion and the Asian Currency Crisis

1999 ◽  
Vol 67 (5) ◽  
pp. 460-474 ◽  
Author(s):  
Renato E. Reside Jr ◽  
Maria Socorro Gochoco-Bautista
Keyword(s):  
Currency Crisis ◽  
Asian Currency Crisis

Health Consequences of the Asian Currency Crisis: Continuing Imperatives for a Primary Health Care Approach

1998 ◽  
Vol 4 (4) ◽  
pp. 60
Author(s):  
Simon Barraclough ◽  
Martha Morrow
Keyword(s):  
Health Care ◽  
Primary Health Care ◽  
Currency Crisis ◽  
Health Consequences ◽  
International Agencies ◽  
The Poor ◽  
Primary Health ◽  
Asian Currency Crisis ◽  
National Governments ◽  
The Impact

The Asian currency crisis and its attendant socio-economic problems in several Asian countries have had serious health consequences, especially for the poor. The scale of these problems has varied between countries due to their differing levels of economic development. Indonesia faces a malor emergency with the threat of widespread malnutrition and rapidly increasing rates of poverty. In this article, some of these health issues are discussed and the response of national governments and international agencies described. To date, the most significant players have been the supra-national financial institutions, which have urged national governments to maintain real levels of expenditure on essential health and education services. These institutions have provided substantial loans to prop up the ailing economies of South Korea, Thailand and Indonesia. Social development programmes, including health, have been an element in each of these loan schemes. It is argued that pressure should be maintained on the IMF, World Bank and Asian Development Bank to support measures to reduce the impact of the crisis on the poor. Such measures must include protection of public expenditure on primary health care. The currency crisis will also provide opportunities to reassert the vital importance of primary health care and to carry out reforms to strengthen it.

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