Defining business cycles as fluctuations of the period of the cycle of less than eight years, the author explores the business cycles of the USA and seven East Asian economies, i.e. Japan, Hong Kong, South Korea, the Philippines, Singapore, Taiwan and Thailand. International co-movements in GDP...

In selected East Asian economies, the behavior of detrended macroeconomic variables was found to be similar to that observed in the postwar U.S. economy. Consumption and investment are highly procyclical while the balance of trade and the price level are counter-cyclical in most of them. Labor...

This book examines the evolution of foreign aid policy in Japan and South Korea, analyzing policy rationales, institutional developments and policy choices. The book searches for new strategies of international development cooperation in an uncertain world. The book compares two countries’...

In this paper I re-examined the trade enhancing effects of ethnic Chinese networks, found by Rauch and Trindade (2002), on a newer and extended data set. The effects are estimated by the gravity equation with the product of the population ratio (or absolute number) of the ethnic Chinese in both...

It is the author’s position that the framework for WID/GAD, as academic field and practice concerned primarily with developing countries should be broadened so as to incorporate Japan’s own gender and development issues in its scope. Unlike other developed countries, activists and...

This paper reviews the relationship between public sector investment and private sector investment through government expenditures financed by government bonds in the Japanese economy. This study hypothesizes that deficit financing by bond issues does not crowd out private sector investment, and...