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Fiscal Policy Coordination in Asia: East Asian Infrastructure Investment Fund

  • Mahani Zainal Abidin

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    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]

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    Date of creation: Oct 2010
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    Handle: RePEc:ess:wpaper:id:2960
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    1. 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.
    2. Pau Rabanal, 2004. "Monetary Policy Rules and the U.S. Business Cycle; Evidence and Implications," IMF Working Papers 04/164, International Monetary Fund.
    3. Joshua Aizenman, 2007. "Large Hoarding of International Reserves and the Emerging Global Economic Architecture," NBER Working Papers 13277, National Bureau of Economic Research, Inc.
    4. Alessandra Colecchia & Paul Schreyer, 2001. "ICT Investment and Economic Growth in the 1990s: Is the United States a Unique Case? A Comparative Study of Nine OECD Countries," OECD Science, Technology and Industry Working Papers 2001/7, OECD Publishing.
    5. Gramlich, Edward M, 1994. "Infrastructure Investment: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1176-96, September.
    6. 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.
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