The Role of Production Networks in the Development of China and Other Developing East Asian Countries

2017 ◽  
Vol 28 (105) ◽  
pp. 63
Author(s):  
Mehmet Özkul
Keyword(s):  
East Asian ◽  
Production Networks ◽  
Asian Countries

East Asian Machinery-Building Cluster

2014 ◽  
pp. 36-44
Author(s):  
V. Sokolov
Keyword(s):  
Supply Chains ◽  
East Asian ◽  
Telecommunications Industry ◽  
South East Asia ◽  
Asian Countries ◽  
The World ◽  
The Usa ◽  
Technological Level ◽  
Machinery Building

The article considers features of the East Asian machinery-building cluster. It differs from the older machinery-building clusters in West Europe and North America primarily. The share of intermediate goods in the imports of the East Asian countries is higher than the share of such goods in their exports. This results from prevalence of the assembly manufactures in their industry. The international supply chains of the region are described as follows: manufacturing parts and components in the countries of East and South-East Asia – assembly in China – exports to USA, Europe and Japan. The changes in the structure of the international supply chains in 2007–2011 are shown in the case of telecommunications industry. It is established that the structure of the telecommunications imports of the USA has changed in favor of China. The technological level of the telecommunications equipment exported from China enhanced significantly. The share of parts and components in China’s telecommunications exports increased. Imports of telecommunications equipment from Japan to USA diminished whereas its delivery from China to Japan more than doubled. This points to reduction of the role of Japan as the supplier of telecommunications equipment in the world scale.

Linking Country Governance Quality and Derivatives Use: Insights from Firms’ Hedging Behavior in East Asia

2018 ◽  
pp. 5-31 ◽  
Author(s):  
Huong Trang Kim
Keyword(s):  
Panel Data ◽  
East Asia ◽  
Strong Evidence ◽  
East Asian ◽  
Self Management ◽  
Asian Countries ◽  
Financial Firms ◽  
Specific Factors ◽  
Governance Quality

This paper examines the link between countries’ governance quality and firms’ use of derivatives using a novel hand-collected dataset. Our panel data includes 881 non-financial firms across eight East Asian countries. We found that better country governance induces firms to use derivatives to hedge exposure and mitigate costs. Firms in countries with weak governance use derivatives for speculative and/or selective hedging or self-management purposes. Overall, our findings provide strong evidence of the role of countries’ governance quality in driving firms’ derivatives-related behaviors. This macro-based effect on derivatives use is independent of firm-specific factors, which are frequently invoked by hedging theories.

REAL EXCHANGE RATE AND ECONOMIC GROWTH IN EAST ASIAN COUNTRIES: THE ROLE OF FINANCIAL INTEGRATION

2017 ◽  
Vol 62 (01) ◽  
pp. 163-177 ◽  
Author(s):  
PHAM VAN DAI ◽  
SARATH DELPACHITRA ◽  
SIMON COTTRELL
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Real Exchange Rate ◽  
Financial Integration ◽  
East Asian ◽  
Asian Countries ◽  
Explanatory Variables ◽  
Interaction Terms ◽  
Low Degree

This study examines the role of financial integration in determining the relationship between the real exchange rate (RER) and economic growth in East Asian countries. It hypothesizes that a competitive RER could play a greater role in promoting economic growth in countries with a low degree of financial integration. A growth model was specified using a RER misalignment index and its interaction terms with financial integration as explanatory variables. Different proxies for financial integration were employed to verify the interaction. The empirical results demonstrate the significance of the interaction terms and largely validate the hypothesis. This result demonstrates that a competitive RER policy is not a general solution for economic growth and its effectiveness could largely depend on a country’s degree of financial integration.

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