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Fiscal Policy Coordination in Asia: East Asian Infrastructure Investment Fund

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  • Mahani Zainal Abidin

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Abstract

East Asian countries were seriously affected by the 2008 global crisis through a steep fall in exports. This experience exposed the vulnerability of the East Asian growth model and emphasized the importance of generating regional growth by expanding domestic demand and enlarging intra-regional trade. A key factor to achieving higher regional economic growth and enlarging intra-regional trade is the better connectivity of infrastructure such as roads, ports, airports, and rail links. Although some East Asian countries have made large investments in improving their infrastructures, others still lag behind. [ADBI Working Paper 232]

Suggested Citation

  • Mahani Zainal Abidin, 2010. "Fiscal Policy Coordination in Asia: East Asian Infrastructure Investment Fund," Working Papers id:2960, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:2960
    Note: Institutional Papers
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    References listed on IDEAS

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    1. Gramlich, Edward M, 1994. "Infrastructure Investment: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1176-1196, September.
    2. Joshua Aizenman, 2008. "Large Hoarding Of International Reserves And The Emerging Global Economic Architecture," Manchester School, University of Manchester, vol. 76(5), pages 487-503, September.
    3. Pau Rabanal, 2004. "Monetary Policy Rules and the U.S. Business Cycle; Evidence and Implications," IMF Working Papers 04/164, International Monetary Fund.
    4. World Bank, "undated". "East Asia and Pacific Update, April 2009 : Battling the Forces of Global Recession," World Bank Other Operational Studies 14684, The World Bank.
    5. Estache, Antonio, 2004. "Emerging infrastructure policy issues in developing countries - a survey of the recent economic literature," Policy Research Working Paper Series 3442, The World Bank.
    6. Neill, Jon R., 1996. "Fueling the engine of growth with investment in infrastructure: A lesson from neoclassical growth theory," Journal of Macroeconomics, Elsevier, vol. 18(3), pages 521-529.
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    More about this item

    Keywords

    East Asian; exports; global crisis; intra-regional trade; roads; ports; airports;

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