By Shinichi Ichimura (auth.), Prof. Shinichi Ichimura, Associate Prof. Mitsuo Ezaki (eds.)
This is the 1st consequence of our attempt in ASIAN hyperlink undertaking to build the econometric types of Asian constructing nations and research their inter-dependence with significant buying and selling companions, the U.S. and Japan. The version we current this is referred to as Asian hyperlink method. The nations during this approach contain Korea, Taiwan, Hong Kong, China, the Philippines, Thailand, Malaysia, Singapore, Indonesia, Japan and the U.S.. they're lined via nationwide versions. the remainder of the area is split into numerous areas and taken care of by means of easy proto-type versions. the most features of Asian hyperlink approach are to house the inter-dependent family among Asian constructing international locations at the one hand and Japan and usa nevertheless. listed here are awarded those nationwide types and the Asian hyperlink method with the underlying statistical facts, in order that any econometrician can re-estimate our types and cost the result of our learn paintings. these days such a lot articles and books in econometrics document purely the ultimate effects or conclusions of analysis in order that no different econometrician can re-calculate or re study the findings. this can be very critical within the empirical examine, simply because as theorists could make blunders, confident economists do devote blunders or omit a few attainable concerns. except statiscal information are provided, different econometricians can't make feedback or increase the types. this is often the most this is because empirical learn in econometrics or utilized econometrics don't make colossal development in fresh years.
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Additional info for Econometric Models of Asian Link
In the industrial price equation, all the coefficients have the expected signs. The estimated coefficients indicate that the rate of inflation in the industrial sector is significantly dependent on the rate of increase in wages and imported material costs. In the industrial wage equation, the coefficient of the cost of living variable shows that in an economy with high inflation, where people are very sensitive to price changes, the structure of the labor market is such that money wages adjust instantaneously to maintain a constant rate of change in real wages.
CONCLUSION The purpose of this study is twofold. The first is to build a general equilibrium type macro-econometric model which can represent the Korean economy in the 1970's. The emphasis is to shed light on the determinants and propagating factors of Korean inflation. The second is to perform a number of simulation exercises in order to study not only the model's technical properties such as stability and predictive abilities but also policy implications for maintaining steady growth with minor inflation.
IMF. C. International Monetary Fund (various issues) International financial statistics. IMF. C. United Nations (various issues) Monthly bulletin of statistics. United Nations. New York United Nations (various issues) Statistical yearbook of the United Nations. United Nations. New York Chapter 3 Taiwan Model Vi-Chung Chiu Council for Economic Planning and Development, Executive Yuan, Taipei, Taiwan, Republic of China 1. INTRODUCTION The earliest ROC econometric model was constructed for economic planning by' the staffs of CIECD under the direction of Mr.
Econometric Models of Asian Link by Shinichi Ichimura (auth.), Prof. Shinichi Ichimura, Associate Prof. Mitsuo Ezaki (eds.)