This paper examines the determinants of trade flows in parts and components related to global production sharing in machinery industries, using a newly compiled panel dataset for Japan and the US over the period 1988-2005. The findings show the importance of labour costs, and the quality of the...

Evaluations of China's stock market range from extremely favourable assessments that emphasise GDP growth rates, financial depth or the rapid growth of privatisation to extremely negative assessments that favour market efficiency or short-term profitability to the exclusion of alternative...

This paper examines the cost efficiency of Philippine commercial banks using stochastic frontier analysis and specifically incorporating risk and asset quality measures in the estimation. Consistent with earlier findings, the results show substantial inefficiencies among domestic banks and that...

This paper employs the Malmquist Productivity Index (MPI) method to analyze the productivity of the Malaysian banking sector during the period 1995-2004. The empirical findings indicate that the Malaysian banking sector has exhibited productivity regress due to technological regress rather than...

Abstract We propose a market-valued capital ratio as an indicator to gauge the riskiness of banks. In particular, we examine the cross-sectional relation between the market-valued capital ratio and stock returns of listed Japanese banks. It is found that banks with lower market-valued capital...

The objective of the present study is to examine the extent to which the production of different agricultural commodities, namely, maize, wheat, rice, fruit, vegetable, and oilseeds, responds to price changes in selected Asian countries given the recent high and volatile agricultural prices. Our...

The Lao People's Democratic Republic (PDR) has embarked on the process of accession to the World Trade Organization. Part of that process involves compilation of information on the country's trade and related policies, and development of analytical frameworks that Lao and other researchers can...

Using primary data collected during 2007-08 we examine nutritional status with respect to two macronutrients as well as various micronutrients of rural households in three Indian states: Andhra Pradesh, Maharashtra and Rajasthan and find serious deficiencies in regard to these nutrients in all...

By extending a long-run endogenous growth model to include (i) both public and private investments in human capital formation and (ii) endogenous population growth, this paper examines the growth effects of Indonesian government policy that lowered the capital income tax rate in the mid-1980s....

We investigate causal relationships among exports, imports, and economic growth in North Korea using time series data for the period between 1964 and 2008. The empirical results show Granger causality from imports to GNP in the first half of the period and from GNP to imports in the second half....