If anything, we show that remittance households manage to invest some of their income in the traditional forms of investment such as in house and jewelry i. Outsourcing in Emerging Countries: A Case Study from Vietnam 7. We also produce supplementary results pertaining to typology of transaction- specific assets. The empirical results reveal that globalization has no significant impacts on a motive for vertical integration even though the estimates appear with signs the theories predict. The results portray that more productive firms will use outsourcing, thereby entailing gains from being specialized in a particular core-competent activity, and are more likely to be exporters.
Instead, ensuring all-weather access to roads appears to be a more significant factor in raising household well-being. Resultantly, these regions exhibited a decoupling phenomenon during the subprime mortgage crisis. The decomposition of outsourcing measure indicates that the manufacturing industries are more involved in cross-border sourcing of services, particularly in business services. The modified consumption function draws two conclusions. The deliberations here shed light on the development stages and offer policy recommendations for pushing forward subregional cooperation.
The importance of the scale of the internal market has been validated by studies of Asiedu 2006 , Blonigen et al. This article employs a Theil decomposition analysis to examine various dimensions of income inequality, using the 2007 Indonesian Family Life Survey. This new book fills an important gap in the literature looking at the impact outsourcing has on labour markets, its subtle effects on regional economies and policy implications. Southeast Asia witnessed a wide array of policy actions at the regional and international levels to unravel the ripple effects of the global economic downturn and to set a stage for a long-term recovery. The results of the model also indicate that a labour market policy that allows more skilled workers tends to increase the supply of labour and reduce the skilled wage gap in the economy. Bargaining sequences, though vital to the real-world business strategies, are often treated as exogenously given.
The chapters in this volume focus on selected exchange rate, monetary and financial issues and policies that are of contemporary relevance and importance to Asia, including choice of exchange rate regimes, causes and consequences of reserve accumulation, international capital flows, macroeconomic synchronization, and regional monetary and financial cooperation. In summary, this paper draws the following conclusions from the literature. The model predicts that a 1% increase in outsourcing provision leads to a rise in wage differentials by nearly 2. Outsourcing and Wage Inequality 6. This can be done by choosing either a developing country or a developed country. Second, we find that the wage gap between skilled and unskilled labour, which is defined as their marginal productivity gap, can be better explained by general outsourcing than by international outsourcing.
The input—output framework allows us to understand the impact of information sector in an integrated framework in terms of its linkages to the manufacturing and service sectors. Our results also suggest that there might have been structural changes in the regional economies that could have led to a downward shift in the output growth of Asian economies in the post-crisis period. The results also show that China and India exports are strong substitutes. This directly raises the issue of sustainability of the output growth in the post-crisis period. Unfortunately, these development-funded activities are often uncoordinated, sometimes resulting in redundant and potentially contradictory data Kalirajan et al. There are important policy implications for managing foreign workers and achieving sustainable growth for the Singapore economy. As does the top-down development, the bottom-up liberalism has a severe limitation.
This leading article aims to highlight the key inquiries into the impacts of and responses to the global economic meltdown, which are widely debatable among policy-makers and academics, yet remain unanswered in the literature. Foreign investors may be attracted by the size of the market, which could enable them to take advantage of sales in the host country. Purpose — This paper aims to examine production linkage and technology spillovers due to the presence of foreign firms in the Indian pharmaceutical industry. In a successive bilateral monopoly, …rms have an incentive to vertically integrate to eliminate the double-marginalization problem. Australia, which is relatively open among the resource-based developed economies, is chosen for testing the hypothesis by estimating a stochastic frontier gravity model using bilateral data from 2006 to 2008 on trade with its key trading partners.
We also find that there is a productivity rise prior to exporting. Pi and Zhou 2013 examine the relationship between institutional quality and skilled-unskilled wage inequality. Conversely, local workers are more productive with high capital investment, indicating that local workers are more skilled and hence there is more complementarity between capital investments and local human capital. Tanuwidjaja and Thangavelu 2007 analysed the relationship between structural changes and productivity performances of the manufacturing sector in the Japanese economy. This leading article aims to highlight the key inquiries into the impacts of and responses to the global economic meltdown, which are widely debatable among policy-makers and academics, yet remain unanswered in the literature. As the structure of Singapores economy shifts towards higher value-added and knowledge activities, there will continue to be an increase in the demand for skilled and educated human capital. Methodologically, my main contributions are a more detailed treatment of nonneutral technological changes, and an alternative measure of export intensity.
We also evaluate the strategic use of a bar-gaining pattern, that is, the order of negotiation between the downstream …rm and both the upstream supplier and the union. The trends of the Malaysian electronics industry production and trade are correlated with the trends of the world economy. Essentially, it provides an intuitive, realistic insight into the developments of trade policy in the world as well as in Asia. Even though the bottom-up liberalism has characterized trade policy in resource-rich economies like China and India and small-open economies like Hong Kong, Singapore, Taiwan, Thailand and Malaysia, the counter examples are Cambodia and Laos, and to the lesser extent Indonesia and the Philippines, where the governments still need to resort to protectionist policies, such as infant industry protections in addition to tariffs imposed and subsidies offered in the import-substituting sectors, to upgrade their levels of economic development. Although our results should be viewed as illustrative, we provide discussions of their potential implications for employers and they could help with the design of employment contracts.
We believe the lessons learned from past natural disasters should help to alleviate both the direct and indirect impacts of future disasters. It presents productivity as another driving factor in translating financial development into real economic progress. This may ultimately reverse the upbeat trend of economic development in Thailand. At the end of the day, the unilateral attempts in freeing up international trade and flows of capital and labour do not offer any commitment to liberalization. This book approaches these research inquiries by developing several econometric models, including primal production functions and dual cost functions, among others. © 2013 Institute of Southeast Asian Studies. After a two-month stand-off between Red Shirt protestors and the government of Prime Minister Abhisit Vejjajiva, violence and arson scarred central Bangkok in mid-May 2010.