IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/125672.html

بررسی و تحلیل آثار مربوط به تجربه اقتصادهای شرق آسیا در مقاوم سازی اقتصاد
[Economic Resilience: lessons of The East Asian Experience]

Author

Listed:
  • Mirjalili, Seyed hossein

Abstract

The ability to absorb, withstand, or recover from adverse economic shocks makes the economy more resilient. East Asian economies were hit by the Asian financial crisis in 1997. Ten years later, these economies faced a global financial crisis in 2007. This time, despite an economic downturn due to capital outflows and a sharp drop in exports, they were resilient and resistant economies against the adverse shock. The ability of East Asian economies to recover the economy was driven by a ten-year building of the resistance economy through financial reform, structural reforms, enhancing institutional quality, and regional conditions. In this paper, beyond the financial perspective, East Asia's resilient experience in dealing with the crisis has been analyzed, and the analyses of the East Asian crisis have been criticized.

Suggested Citation

  • Mirjalili, Seyed hossein, 2017. "بررسی و تحلیل آثار مربوط به تجربه اقتصادهای شرق آسیا در مقاوم سازی اقتصاد [Economic Resilience: lessons of The East Asian Experience]," MPRA Paper 125672, University Library of Munich, Germany, revised 15 Mar 2018.
    • Handle: RePEc:pra:mprapa:125672
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/125672/1/MPRA_paper_125672.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Acemoglu, Daron & Johnson, Simon & Robinson, James & Thaicharoen, Yunyong, 2003. "Institutional causes, macroeconomic symptoms: volatility, crises and growth," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 49-123, January.
    2. Acemoglu, Daron & Johnson, Simon & Robinson, James A., 2005. "Institutions as a Fundamental Cause of Long-Run Growth," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 6, pages 385-472, Elsevier.
    3. Corsetti, Giancarlo & Pesenti, Paolo & Roubini, Nouriel, 1999. "What caused the Asian currency and financial crisis?," Japan and the World Economy, Elsevier, vol. 11(3), pages 305-373, October.
    4. Lino Briguglio & Gordon Cordina & Nadia Farrugia & Stephanie Vella, 2009. "Economic Vulnerability and Resilience: Concepts and Measurements," Oxford Development Studies, Taylor & Francis Journals, vol. 37(3), pages 229-247.
    5. Lino Pascal Briguglio, 2016. "Exposure to external shocks and economic resilience of countries: evidence from global indicators," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 43(6), pages 1057-1078, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Edwina E. Pereira & Albert E. Steenge, 2022. "Vulnerability and Resilience in the Caribbean Island States; the Role of Connectivity," Networks and Spatial Economics, Springer, vol. 22(3), pages 515-540, September.
    2. Rao, Amar & Srivastava, Mrinalini & Parihar, Jaya Singh & Chavriya, Shubham & Hosen, Mosharrof, 2024. "Minerals at the crossroads: Economic policies, global trade, and renewable energy in the global South," Resources Policy, Elsevier, vol. 97(C).
    3. Eliphas Ndou, 2025. "Macroeconomic resilience and GDP growth nexus: evidence from GDP growth dynamics in South Africa," SN Business & Economics, Springer, vol. 5(7), pages 1-40, July.
    4. Elena-Mădălina ZAMFIR (AVRAM) & Georgiana BALABAN & Cosmin MARINESCU, 2022. "Economic resilience in Central and Eastern European countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(630), S), pages 5-26, Spring.
    5. Mirjalili, Seyed hossein & Saadat, Hossein, 2020. "شاخص های آسیب پذیری اقتصادی [Indicators of Economic Vulnerability]," MPRA Paper 125887, University Library of Munich, Germany, revised 15 Feb 2020.
    6. Lian, Haoyu & Kong, Shuning & Yu, Yihua, 2025. "Tight spaces, strong cities: The resilience payoff of urban compactness," Land Use Policy, Elsevier, vol. 156(C).
    7. Chima Igwe-Kalu & Barnabas Olusegun Obasaju, 2020. "Output Volatility in Nigeria: Does Financial Development Absorb Trade-Led Shocks?," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 10(2), pages 66-78.
    8. Eicher, Theo S. & Schreiber, Till, 2010. "Structural policies and growth: Time series evidence from a natural experiment," Journal of Development Economics, Elsevier, vol. 91(1), pages 169-179, January.
    9. Delgado, Michael S. & McCloud, Nadine & Kumbhakar, Subal C., 2014. "A generalized empirical model of corruption, foreign direct investment, and growth," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 298-316.
    10. Galinato, Gregmar I. & Chouinard, Hayley H., 2018. "Strategic interaction and institutional quality determinants of environmental regulations," Resource and Energy Economics, Elsevier, vol. 53(C), pages 114-132.
    11. Berg, Andrew & Ostry, Jonathan D. & Zettelmeyer, Jeromin, 2012. "What makes growth sustained?," Journal of Development Economics, Elsevier, vol. 98(2), pages 149-166.
    12. Ofori, Isaac K. & Dossou, Marcel A.M. & Asongu, Simplice A. & Armah, Mark K., 2023. "Bridging Africa’s income inequality gap: How relevant is China’s outward FDI to Africa?," Economic Systems, Elsevier, vol. 47(1).
    13. Jeffrey A. Frankel & Shang-Jin Wei, 2004. "Managing Macroeconomic Crises," NBER Working Papers 10907, National Bureau of Economic Research, Inc.
    14. Olivier Parent & Abdallah Zouache, 2009. "Geographical Features vs. Institutional Factors: New Perspectives on The Growth of Africa and Middle-East," Working Papers 490, Economic Research Forum, revised Jun 2009.
    15. Rodríguez-Pose, Andrés & Ketterer, Tobias, 2016. "Institutions vs. ‘First-Nature’ Geography – What Drives Economic Growth in Europe’s Regions?," CEPR Discussion Papers 11322, C.E.P.R. Discussion Papers.
    16. Nuno Torres & Óscar Afonso & Isabel Soares, 2010. "The connection between oil and economic growth revisited," FEP Working Papers 377, Universidade do Porto, Faculdade de Economia do Porto.
    17. Adewale Samuel Hassan & Daniel Francois Meyer & Sebastian Kot, 2019. "Effect of Institutional Quality and Wealth from Oil Revenue on Economic Growth in Oil-Exporting Developing Countries," Sustainability, MDPI, vol. 11(13), pages 1-14, July.
    18. Braunfels, Elias, 2016. "Further Unbundling Institutions," Discussion Paper Series in Economics 13/2016, Norwegian School of Economics, Department of Economics.
    19. Kose, M. Ayhan & Prasad, Eswar S. & Terrones, Marco E., 2006. "How do trade and financial integration affect the relationship between growth and volatility?," Journal of International Economics, Elsevier, vol. 69(1), pages 176-202, June.
    20. Montalbano, Pierluigi, 2011. "Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research," World Development, Elsevier, vol. 39(9), pages 1489-1502, September.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • G01 - Financial Economics - - General - - - Financial Crises

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:125672. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.