Asian Economics Research Papers - Academia.edu (original) (raw)

We investigated the contribution to economic growth emerging from Ghana's investment intodomestic agriculture. To this effect, time series data spanning 1965 to 2020 was used. For data analysis, stationarity was achieved using Augmented... more

We investigated the contribution to economic growth emerging from Ghana's investment intodomestic agriculture. To this effect, time series data spanning 1965 to 2020 was used. For data analysis, stationarity was achieved using Augmented Dicky-Fuller and Phillips-Perron test; the ARDL bounds approach adopted for cointegration; finally, the Error Correction Model and Granger causality test were used for determining the long-run and short-run causal effects. From the results, in both long-run and short-run, the nation's domestic agricultural investment was not a positive contributor to economic growth. Positive contribution to economic growth was from investment in other sectors (industrial and service sectors) and trade openness index. Moreover, government expenditure index contributed negativelyto economic growth. In the short-run, unidirectional causality was from economic growth to government expenditure index, other sector investments to economic growth, and economic growth to trade openness index. In this study, we strongly advocate for considerable government domestic investment into the agricultural sector besides other sector investments, and further relaxing trade policies since it is the only surety to achieving the government's twofold agenda of zero tolerance for hunger and poverty while simultaneously increasing agriculture's contribution to economic growth with partial dependence on donor funds.

Ogawa and Shimizu (2005, 2006a) have proposed a possible way to create an Asian Monetary Unit (AMU) as a weighted average of the thirteen East Asian currencies (ASEAN + China, Japan, and Korea) and developed AMU Deviation Indicators for a... more

Ogawa and Shimizu (2005, 2006a) have proposed a possible way to create an Asian Monetary Unit (AMU) as a weighted average of the thirteen East Asian currencies (ASEAN + China, Japan, and Korea) and developed AMU Deviation Indicators for a surveillance process under the Chiang Mai Initiative. Both the AMU and the AMU Deviation Indicators are important in helping the countries in the region to recognize the necessity of moving toward a common currency basket system. However, there remains an open question about how to implement this system in East Asian countries. The purpose of this paper is to compile the latest issues of currency basket itself and to develop concrete steps toward a common currency basket system in East Asia. Particularly, we simulate possible individual currency basket weights based on trade shares of each East Asian country and convert them to G3 currency (the US dollar, the euro, and the Japanese yen) basket weights. We also investigate the discrepancies between ...

The persistence of corruption has been explained by inherited reputation, collusion, and externalities. This paper offers an alternative explanation: workers self-select into jobs with or without bribes, depending on their propensity to... more

The persistence of corruption has been explained by inherited reputation, collusion, and externalities. This paper offers an alternative explanation: workers self-select into jobs with or without bribes, depending on their propensity to corruption. Three single-period cases and one career choice model incorporating both risk and uncertainty are examined for the existence of separating equilibria. The effect of wages on bribery and possible implications for labor supply in distinct markets are considered.

On 16 January 2003, the WTO Appellate Body issued its report on United States – Continued Dumping And Subsidy Offset Act Of 2000 (WTO Doc. WT/DS217 and 234/AB/R). In this report, the Appellate Body condemned the so-called US Byrd... more

On 16 January 2003, the WTO Appellate Body issued its report on United States – Continued Dumping And Subsidy Offset Act Of 2000 (WTO Doc. WT/DS217 and 234/AB/R). In this report, the Appellate Body condemned the so-called US Byrd Amendment by finding that it was inconsistent with the US obligations under the WTO Agreements on Antidumping (AD) and Subsidies and Countervailing Measures (SCM).