This empirical paper examines the impact of monetary policy of the United States, European Union and Japan on the stock prices of eight Asian Emerging Markets (AEMs) during the different quantitative easing (QE) policies in 2001-2016. Five VAR models are constructed to incorporate different...

Changes in comparative advantage should reflect changes in factor endowment, but increasingly, changes in trade policies also affect a region's trade performance. Based on the arguments in Balassa's stages of comparative advantage thesis, this paper looks at the performance of manufacture...

Changes in comparative advantage should reflect changes in factor endowment, but increasingly, changes in trade policies also affect a region's trade performance. Based on the arguments in Balassa's stages of comparative advantage thesis, this paper looks at the performance of manufacture...

In the literature of development finance, both the structuralist's "two-gap" approach of Chenery and Strout (1966) and the financialist's "liberalisation" approach of McKinnon (1973) and Shaw (1973) represent the two polar theories for academic research and policy recommendations. Harris (1979)...