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East Asia's Intra- and Inter-Regional Economic Relations; Data Analyses on Trade, Direct Investments and Currency Transactions

Author

Listed:
  • Takashi Isogai

    (Bank of Japan)

  • Shunichi Shibanuma

    (Bank of Japan)

Abstract

The currency crisis in the 1997 diversified views on Asian economies. In one view, the ever-expanding image of Asian economies faded away, resulting in a view that Asia could never regain the power to achieve sustainable strong economic growth. In another view, Asia is still believed to continue its high growth rate with strong exports after relatively short adjustment phase. When discussing the future of East Asian economies1, it is very important to capture the whole image of economic relations with other economic regions as well as its interaction within the region. However, some key statistics, which are available in advanced countries, are not always available in Asian economies. Analyses on trade and direct investment between Asia and advanced countries occasionally depend on the statistics compiled by advanced countries. Also, due to the lack of statistical data, analysis of intra-regional economic activities is not so easy. In this paper, we tried to show the current situation and dynamic change of Asian economies quantitatively through analyses of statistical data from various kinds of sources. In this paper, East Asia comprises nine countries and regions: NIEs (South Korea, Taiwan, Singapore and Hong Kong), four ASEAN countries (Thailand, Malaysia, Indonesia and the Philippines (herein after called "ASEAN 4")) and China.

Suggested Citation

  • Takashi Isogai & Shunichi Shibanuma, 2000. "East Asia's Intra- and Inter-Regional Economic Relations; Data Analyses on Trade, Direct Investments and Currency Transactions," Bank of Japan Working Paper Series International Department,, Bank of Japan.
  • Handle: RePEc:boj:bojwps:00-e-4i
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    Cited by:

    1. Moneta, Fabio & Rüffer, Rasmus, 2006. "Business cycle synchronisation in East Asia," Working Paper Series 671, European Central Bank.
    2. Mr. Tim Callen & Warwick J. McKibbin, 2001. "Policies and Prospects in Japan and the Implications for the Asia-Pacific Region," IMF Working Papers 2001/131, International Monetary Fund.
    3. Moneta, Fabio & Rüffer, Rasmus, 2009. "Business cycle synchronisation in East Asia," Journal of Asian Economics, Elsevier, vol. 20(1), pages 1-12, January.
    4. Takashi Isogai & Hirofumi Morishita & Rasmus Ruffer, 2002. "Analysis of Intra- and Inter-regional Trade in East Asia:Comparative Advantage Structures and Dynamic Interdependency in Trade Flows," Bank of Japan Working Paper Series International Department,, Bank of Japan.

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