Economic Growth And Transition Econometric Analysis Of Lim S S Curve Hypothesis
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Economic Growth and Transition by Hui Ying Sng Pdf
This book is the first of its kind to systematically analyze and apply Lim Chong Yah''s S-Curve Hypothesis to the various facets of economic growth and economic transition. By augmenting the mathematical and economical sophistication of the hypothesis, this book extends the S-Curve hypothesis to provide further insight into economic growth and transition. It also utilizes a construction of a stochastic growth model to provide the microeconomic foundation for the S-Curve hypothesis. This model resolves the puzzle of why some developing countries experience economic take-off, while others do not. The book analyzes and extends discussion on the S-Curve, and also applies the S-Curve hypothesis to predict long-term growth in Japan and Singapore. It serves as an excellent resource for people interested in Lim''s growth theory.
Economic Growth And Transition: Econometric Analysis Of Lim's S-curve Hypothesis by Hui Ying Sng Pdf
This book is the first of its kind to systematically analyze and apply Lim Chong Yah's S-Curve Hypothesis to the various facets of economic growth and economic transition. By augmenting the mathematical and economical sophistication of the hypothesis, this book extends the S-Curve hypothesis to provide further insight into economic growth and transition.It also utilizes a construction of a stochastic growth model to provide the microeconomic foundation for the S-Curve hypothesis. This model resolves the puzzle of why some developing countries experience economic take-off, while others do not. The book analyzes and extends discussion on the S-Curve, and also applies the S-Curve hypothesis to predict long-term growth in Japan and Singapore. It serves as an excellent resource for people interested in Lim's growth theory.
Singapore and Asia in a Globalized World by Wai Mun Chia,Hui Ying Sng Pdf
This book is a spin-off from a highly successful seminar series jointly organized by the Division of Economics of the Nanyang Technological University (NTU) and the Ministry of Education (MOE) of Singapore. The seminars discuss contemporary domestic and regional economic issues and public policies that are relevant to the everyday lives of Singaporeans. The wish to introduce these economic issues to a broader audience outside the confinement of a lecture theatre, came to fruition, with the completion of this book.This book contains 13 chapters that are grouped under three sections. Under the section, OC Public Policies and Economic Issues of SingaporeOCO, Singapore''s public policies in the areas of healthcare, Central Provident Fund, and monetary policy are explored, as well as issues concerning Singapore''s economic development, such as economic transformation, innovation and capital accumulation are discussed. The second section, OC Singapore and the Region in a Globalized WorldOCO, looks at the challenges and opportunities presented to Singapore and the region in an increasingly globalized world. Current issues on the sub-prime crisis and Asian monetary integration are also discussed. The last section, OC Other Economic IssuesOCO, consists of papers in specific areas such as economics of medical decisions, economics of love, and the role of exchange rates in foreign direct investment.
Southeast Asia is going through tremendous changes. The market-oriented economies of Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand have been showing robust growth, particularly before the Asian financial crisis of 1997/98. The transitional economies of Cambodia, Laos, Myanmar and Vietnam are also exhibiting signs of economic awakening and revival after years of internal political and social turmoil. Despite these encouraging signs, the region still has a long road ahead to achieve developed nation status. Southeast Asia: The Long Road Ahead is a serious and concise study on various important economic aspects of Southeast Asia. Existing economic studies on the region are mainly topical in nature. Most of the publications only attempt to offer a partial treatment of the issues and fail to examine these issues in a holistic manner. The objective of this book is to provide a more complete cross-country discussion on the economic issues and problems facing Southeast Asia. Besides critically examining the multiple facets of changes and problems that have been and will be encountered by Southeast Asia, the book also presents a lucid exposition on the prospects of the region. However, it does not stop there. It moves on to provide pointers and suggestions on how Southeast Asian countries should proceed with their development options and processes. The book should be of interest to economists, graduate students on Southeast Asia and all those who want to have a better knowledge and understanding of the important Southeast Asian region. In this latest edition, data were updated and new emerging trends explored. A significant portion of the text was redrafted so as to make this edition more compact and concise than the earlier ones. New “Suggested Discussion Topics” are added, and contemporary issues such as the Global Financial Tsunami, Asian economic integration and Michael Spence's World Bank Report are also dealt with. Sample Chapter(s) Chapter 1: The Land and Its History (362 KB) Chapter 2: Economic Diversity (354 KB) Chapter 3: Agriculture: Rice (341 KB) Request Inspection Copy
Economic Growth of Singapore in the Twentieth Century by Ichir? Sugimoto Pdf
Research on Singapore's economic history has been complicated by the absence of economic data on pre-independence Singapore. This book sheds light on two key aspects of Singapore's economic history, namely the relationship between economic instability and growth, as well as the government's fiscal policy towards economic growth.
Crisis Management and Public Policy by Hui Ying Sng,Wai Mun Chia Pdf
This book is an annual effort by the economists from the Nanyang Technological University to provide analysis, interpretations and insights on contemporary economic issues affecting Singapore. In 2010, Singapore's economy was just recovering from the sharp economic downturn in 2008/09 caused by the Global Financial Crisis. The global economic outlook in the short and medium term remained uncertain and the risk of another economic or financial crisis remains high. Thus, one of the key themes of this book is to study economic crises and financial crises, and the policy measures that are available to manage them. Looking ahead, in order to ensure long term growth and prosperity for Singapore's economy, microeconomic policy adjustments and fine-tuning is still needed to build a competitive and resilient nation. Therefore, the second key theme of the book is to review several public policies in Singapore, such as competition, healthcare, training, free trade agreements, state capitalism and inequality. Contents:Economic Crisis Management:The National Wages Council (NWC) and Macroeconomic Management in Singapore (LIM Chong Yah)Unpreparedness in the Great Recession (LIM Chong Yah & SNG Hui Ying)Why are Financial Crises so Costly? (TAN Kim Heng)A Case for Selective Capital Control (LIM Chong Yah & Sarah CHAN)Public Policies and Other Economic Issues:Competition Policy and Law in Singapore (LAM Chuan Leong)Healthcare: Containing Cost without Comprising Quality (Linda TAN Hui Min & CHEW Soon Beng)Economics of Training: Market Failure and Government Intervention (Rosalind CHEW)A Review of the US-Singapore Free Trade Agreement (CHEE Yoke Heong & CHIA Wai Mun)State Capitalism in Singapore (SNG Hui Ying)Growth, Opportunity, and Inequality: Some Empirics from Singapore (HO Kong Weng)Are Fines Compatible with Building a Truly Fine Country? (Walter THESEIRA & TAN Di Song) Readership: Undergraduates in economics & political science, policy-makers and general public. Keywords:Singapore Economy;Crisis Management;Financial Crisis;Policy Issues;Competitiveness;Healthcare;Training;Capital Control;Free-Trade Agreement;State Capitalism;InequalityKey Features:The book has a strong focus on economic/financial crises and the Singapore approach to crisis management, which is different from the standard policy toolsWe have authoritative authors writing several key chapters. Mr Lam Chuan Leong (Chairman of the Competition Commission of Singapore) wrote on Competition Law, Prof Lim Chong Yah (founding-chairman of NWC) wrote on the National Wages Council (a key institution in crisis management), and Prof Chew Soon Beng (renowned labor economist) wrote on trainingThe book has a wide coverage of public policy topics
As Singapore enters its 50th year of independence, it is a time for introspection to look back at the successes and challenges of the past, but is also a crucial time to consider what the future holds for the nation. Singapore 2065: Leading Insights on Economy and Environment from 50 Singapore Icons and Beyond is one such key contribution to the endeavour of thinking about what lies ahead. While many forthcoming projects and books take a more retrospective approach reflecting upon Singapore's past, this book adopts a forward-looking perspective, contemplating Singapore's distant future, which is important for posterity. This book is a collection of key insights from 50 iconic individuals of Singapore and beyond, and contains reasoned arguments, speculations and visionary expectations of Singapore's future in 50 years' time. The book discusses the distant future of Singapore's economy and the environment. What will Singapore's economic and environment landscape be like 50 years from now? Are there trends or scenarios common to the various discussions contained in this book? If there are, how big would be the impact of some of these trends? What and how should the government respond to these projections, expectations and informed visions of tomorrow? In sum, what would Singapore's economy and environment be like in 2065? The book explores a range of possible answers to these questions and more. Not only will the generations of today be able to gain much insight into Singapore's future by reading this book, but future generations, specifically 100 years after Singapore's independence, will be able to understand and affirm what and how today's generations think about their time. The book is a key contribution to envisioning Singapore's future, which is also vital for understanding what shapes Singapore's landscape today. Contents: --> Readership: Educational institutions of higher levels; research institutions; various professional societies; the Singapore government and ministries; foreign governments; and general readers who are interested in finding out more about what leaders in Singapore envision for Singapore's future. Key Features:Contains contributed essays by very prominent Singapore icons, and edited by a leading and influential academic economistContains futuristic, leading insights and predictions, novel ideas, covering a wide range of topicsTimely publication to coincide with and celebrate Singapore's 50th anniversary of independenceKeywords:Singapore's Future;Economy;Environment;Transportation;Quality of Life;Energy;Demographics;Aging;Social Security;Income Inequality;Family;Technology;Public Finance;Finance;Taxes;Gender and Women;Trade;Geopolitical and Political Economy;Infrastructure;Resources;Connectivity;ASEAN;China;SEAReview: "A stunning collection of perspectives across the spectrum, Singapore 2065 presents a compelling look into the future through a series of thought provoking insights. This volume also celebrates the country's exceptional success, retelling the invaluable stories and anecdotes that have paved Singapore's tremendous journey over the last 50 years. As Singapore continues to chart into the next half century, Singapore 2065 leaves plenty to ponder and will remain a valuable repository of knowledge for many years to come." Bertil Andersson President Nanyang Technological University "Singapore 2065 has brought together a diverse and intriguing range of ideas and insights from a rich cross-section of contributors: policy makers, researchers, close observers of Singapore, student leaders, and others. These essays reflect on Singapore's remarkable progress and development over the past half-century, and explore the opportunities and challenges that lie ahead. Over the next 50 years, the world will continue to be an uncertain place, offering exciting opportunities, but subject to bouts of deep uncertainty and disruptive events and trends. Ultimately, Singapore's continued success over the next 50 years will depend less on our material resources, but on our people, and specifically our key attributes of nimbleness, adaptability, creativity, resilience and the willingness to strive for a common purpose." Tan Chorh Chuan President National University of Singapore "Singapore's success came in large part from its continuous efforts to anticipate what changes are likely, not often looking as far as ahead as 50 years ahead, but certainly not afraid to try. Here are 50 minds stretching forward into the 21st century — confirming that the city-state's spirit lives on. I am confident that our environment will have a better future thanks to the projections in this volume. Everyone who cares should read and think about them." Wang Gungwu Chairman East Asian Institute, National University of Singapore "There are few issues that are more important than the economy and the environment in the 21st century for any country. They are especially important to Singapore, given its size and open economy. As the nation celebrates its 50th birthday, justifiably proud of its achievement, it is also timely to contemplate what the future might hold and what we need to do to ensure continued success as a nation. In Singapore 2065, you will find food for thought. What is of particular interest is that the deeply thoughtful essays collected in this volume crisscross at different points, and also raise a number of fundamental issues concerning value and identity that are inextricably tied to Singapore's future development. This book certainly provides keen insight into the economic and environmental challenges we face, but it also compels us to reflect on the larger story of "Majulah Singapura" as we march into the future." Alan K L Chan Dean, College of Humanities, Arts & Social Sciences Nanyang Technological University
Singapore and Asia by Hui Ying Sng,Sng Hui Ying,Wai Mun Chia Pdf
This book is an annual effort by the economists at the Nanyang Technological University to provide analysis, interpretations and insights of contemporary economic issues affecting Singapore and Asia. It covers two key themes: (1) Global Financial Tsunami and (2) other economic issues affecting Singapore and Asia. The Global Financial Tsunami is currently ravaging the world financial systems and the world economy. The authors brilliantly tackle pertinent issues such as fiscal and monetary management of the current crisis, impacts of the crisis on the Singapore and Asian economies, policy measures implemented by Singapore and other countries to combat the crisis, and regional efforts to mitigate the adverse impacts of the crisis. A wide range of important economic issues affecting Singapore and Asia, including inflation, exchange rate, workfare, environmental economics, population and worth of human life in Singapore are addressed competently. The chapters build on economic and analytical frameworks to help readers better understand the economic and policy issues discussed.
Albert Winsemius And Singapore: Here It Is Going To Happen by Euston Quah,Luke Nursultan Iuldashov,Zach Lee Pdf
Here it is going to happen is the title of a painting memorialising Albert Winsemius' industrial survey mission to Singapore. The picture depicts the hilltop view of a pre-industrial Jurong.Besides being a biography of Albert Winsemius, the book examines Albert Winsemius' affinity with Singapore and his contributions to the nation's economic development. It also looks at his legacy and influence on past, current and future economic planners.
Political, Economic And Social Dimensions Of Labour Markets: A Global Insight by Soon Beng Chew,Lingli Huang,Kai Xiang Kwa Pdf
Why and how do politics, society and economics shape the growth and failure of labour markets? Does government intervention help or harm labour market reforms/adjustments in times of economic downturn? What forces drive such government intervention and do they differ from society to society?In addressing these big-picture questions, this book's analytical scope is heavily centred around the topic of labour markets' performance. The book argues that performance in labour markets across countries are influenced by their labour market policies. In turn, these policies are shaped, in varying degrees, by the country's politics. Each chapter in this book dives into the labour market experiences in various countries to demonstrate why in some countries, labour markets perform better than in other countries. Major findings from this book suggest that countries can produce better economic and social outcomes (e.g. lower socio-economic inequality) if their labour market policies are aimed at fostering a socially and politically stable society via greater equity in wealth distribution across various socio-cultural and income groups.This book is an essential read for any public policy researchers, policy practitioners and undergraduate/graduate students who are interested or vested in the topic of labour markets' performance in the political, social and economic dimensions. Particularly, this book provides a critical synthesis of the labour market experiences in many countries. Hence, the book serves as an ideational tool to advance future labour market research and policy.
By 'economic growth' economists mean, in the first place, annual increases in the nation's total output of goods and services - its national product. Economic growth and the productivity are impacted by individual enterprises, industrial sectors and the wider economy. This book presents leading edge research on this topic.
Based on data from 1950 to 1990 in newly industrializing and other Asian countries, proposes an operational framework to identify policy changes needed to produce broader economic growth.
Economic Growth, second edition by Robert J. Barro,Xavier I. Sala-I-Martin Pdf
The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
