Core authors and rankings in economics

This study ranks contributors to the economics profession using the textbook citation method. A survey of professors in 35 top-tier departments of economics produced a list of the most often used graduate-level microeconomics, macroeconomics, and econometrics texts. The textbooks identified from the survey are evaluated in this study for citations to journal articles. Authors of journal articles cited in textbooks are ranked according to the number of times their works are cited in textbooks. The results are compared to the findings of recent studies using different methods. Different methodologies are found to produce significantly different results.     

东亚金融危机之后东亚新兴债券市场的发展

东亚金融危机之后,为防止危机的再次发生,东亚各经济体在不同层面积极地推进地区金融合作,其中一个重要方面就是大力发展东亚新兴债券市场,希望通过债券市场的发展达到三个目标:缓解货币错配的程度,改善东亚金融体系的脆弱性,促进金融一体化的发展。本文采用定量的方法对危机后东亚新兴债券市场的发展是否达到以上三个目标进行了评价,分析认为东亚新兴债券市场的发展取得了一定的成效,一定程度上实现了其预期的目标。     

关于东亚合作的发展前景

2000年11月在新加坡召开的东亚合作(10加3,即东盟10国加中日韩三国)领导人非正式会议引起了人们的极大关注.其所以如此,不仅是因为这次会议取得了突出的成果,而且更由于它预示了东亚合作的未来前景.     

Field publishing performance of U.S. economics departments

Conclusion The purpose of this study is to reduce information costs in the market for graduate education in economics and the market for Ph.D. economists by providing information on research concentration in each of 19 fields for 1980–1986. Some variation in publishing performance across fields is found in highly regarded universities. Unexpected faculty strength is discovered in some middle level departments for particular fields. Among middle- and lower-ranked departments, substantial publishing diversity across fields is evident.     

An East Asian paradigm?

The World Bank's 1993 East Asian Miracle report proposed two models of East Asian Development, one based on the Japanese economy, the other on the more recent miracle economies of Southeast Asia. The latter pursued open-market and investment policies compatible with Anglo-American economic norms, while Japan and its coterie (South Korea and Taiwan) forged industrial policy regimes with high levels of government intervention and protection. Japan takes a different view of Southeast Asian success—as a combination of conscious emulation of Japan and concentrated Japanese foreign direct investment, aid, and regional industrial strategy. This article explores the tension between the World Bank thesis and the Japanese view, embodied in a growth metaphor called flying geese. The author concludes that Japan has been far more reactive and opportunistic than the flying geese metaphor suggests, but that this paradigm has a profound influence on Japanese government and corporate strategy in Asia.     

东亚模式与中国

东亚(日本及东亚"四小龙":韩国、中国台湾、中国香港和新加坡)在战后取得的奇迹般的经济发展,无疑是20世纪经济增长史上最重大的事件之一.美国著名经济学家斯蒂格利茨(Stiglitz,1997)将东亚的成功列为战后三个最重大的深刻地影响了人们关于发展的思维的事件之一(其它两个事件分别是前苏联的崩溃及全球经济一体化).关于东亚经济发展的评价,人们业已取得的两点基本共识是:第一,存在着某些共同的东亚经验(东亚模式);第二,东亚经验(东亚模式)代表着一种成功的发展经验(发展模式).然而,如我们在有关东亚经验研究的大量文献中可以看到的,在一些基本的问题上仍存在着严重的混淆和分歧,包括东亚模式涵盖的国家/地区范围,东亚模式的确切内涵,对东亚模式与东亚的成功之间的因果关系的解释,等等.     

Regionalism and East Asian economic integration

The wave of economic globalization moves to all the countries in the world to be integrated with multilateralism and by promotion of the General Agreement on Tariffs and Trade/World Trade Organization （GATT/WTO）. Meanwhile, the growth of regional economic integration has been one of the major developments in international economic relations, and undoubtedly regionalism is a part of the global economic environment. The objective of the paper is to review the trends and highlight the prospects for enhancing economic integration in East Asia. This paper has argued that the emerging East Asian economies have achieved sustained economic development and poverty reduction through domestic structural, institutional and governance reforms as well as through market-driven integration with the global and regional markets. Though this process was temporarily interrupted by the Asian financial crisis in 1997-1998, the economies have pursued further liberalization and reforms, deepened economic integration through trade, FDI and finance, and regained dynamic growth. The author argues that the reasonable choice for Eastern Asian countries is to deepen their economic integration and the optimal strategy is fostering economic integration with institutional cooperation.     

日本之鉴：东亚模式受质疑

与欧洲的发达的金融市场不同,出口导向型的亚洲国家在“信用泡沫崩溃”的金融危机第一冲击波面前,所受的损害相对轻微。但是,自从去年9月中旬,美国雷曼兄弟公司破产,全球经济陷入衰退后,面临急剧下滑的外部需求,东洲各国随即显示出它的脆弱与不堪一击。     

Restructuring East Asian exchange rate regimes

This paper investigated the degree of misalignment of the East Asian currencies against the U.S. dollar and against the Japanese yen under a de facto dollar-pegged exchange rate regime (January 1995 to May 1997). We found that overvaluation against the yen started in the Malaysian ringgit and the Philippine peso from January 1996 and the Thai baht from June 1996. Although the Indonesian rupiah and the Korean won against the yen were still undervalued in May 1997, degree of misalignment of both currencies narrowed from April 1995. Large withdrawal of Japanese claims after the financial crisis reduced Japanese bank lendings from $123.8 billion to $85.9 billion in end-June 1998. In 1998, Japanese Foreign Direct Investment (FDI) to East Asia fell as much as 44% from the previous year. In conclusion the paper stresses the importance of the stability in yen/dollar exchange rate to avoid large volatility in Japanese capital flow.     

东亚美元本位制解析

本文分析了东亚美元本位制的实质,界定其内涵、外延及演进逻辑。以此为基础,揭示美国在东亚美元本位制中的货币权力,并选取日本和中国作为分析样本。最后考察了东亚主要经济体所做的去美元化努力,并提出相应的政策建议。     

The East Asian model of economic development

Unlike existing models of the rapid growth of the East Asian economies that are based on stylised facts, this paper formulates a model by introducing an all‐encompassing (core) variable that explains the unique path to success in East Asia. Using three propositions, the model explains the transition from a backward economy to an industrial economy. Central to the model is policy‐augmented human capital (PAHC)—human capital with a road map for development—led by a capable leader. The model is unique in that it validates the critical role of human capital in a time of ‘high development theory’ when the emphasis was skewed towards the accumulation of physical capital, and the role of government at a time when interventionist policies were either failing elsewhere (in the 1950s and 1960s) or facing opposition (in the 1970s and 1980s). The success of the East Asian model provides evidence pointing to a preference for economic development over democracy.     

债券市场与东亚金融体系

亚洲金融危机暴露了东亚各国过度银行化和资本市场欠发达的金融结构的脆弱性.[1]长期以来,该地区发展资本市场的热情往往集中于股票市场,债券市场尤其是企业债券市场的作用没有得到应有的重视.这种情况在中国也相当突出.实际上,包括中国在内的东亚的金融体系中,债券市场也是一个最为薄弱的环节.     

东亚经济一体化宜从次区域合作开始

建立自由贸易区的必然性 1.组成自由贸易区可产生许多收益 根据国际经济一体化理论,建立自由贸易区可带来如下效应:贸易创造效应,成本下降效应,与规模经济有关的效应,给定生产要素在企业内得到利用所产生的技术效率效应,在一体化过程中由于竞争加剧而产生的价格和成本效应.