Econometric Models of Asian Link

by Shinichi Ichimura (Editor), Mitsuo Ezaki (Editor)

Overview

This is the first outcome of our effort in ASIAN LINK PROJECT to construct the econometric models of Asian developing countries and analyze their inter-dependence with major trading partners, the United States and Japan. The model we present here is called Asian Link System. The countries in this system include Korea, Taiwan, Hong Kong, China, the Philippines, Thailand, Malaysia, Singapore, Indonesia, Japan and the United States. They are covered by national models. The rest of the world is divided into several regions and treated by simple proto-type models. The main characteristics of Asian Link System are to deal with the inter-dependent relations between Asian developing countries on the one hand and Japan and United States on the other hand. Here are presented these national models and the Asian Link System with the underlying statistical data, so that any econometrician can re-estimate our models and check the results of our research work. Nowadays most articles and books in econometrics report only the final results or conclusions of research so that no other econometrician can re-calculate or re­ examine the findings. This is very serious in the empirical research, because as theorists may make mistakes, positive economists do commit errors or miss some possible considerations. Unless statiscal data are offered, other econometricians cannot make suggestions or improve the models. This is the main reason why empirical research in econometrics or applied econometrics are not making substantial progress in recent years.

Product Details

ISBN-13:	9784431700074
Publisher:	Springer Japan
Publication date:	06/05/1985
Edition description:	Softcover reprint of the original 1st ed. 1985
Pages:	334
Product dimensions:	6.69(w) x 9.61(h) x 0.03(d)

Table of Contents

1 A Survey of Econometric Model-Building in East and Southeast Asia.- 1. Econometric Models for Developing Countries.- 2. National Econometric Models.- 2 Hong Kong Model.- 1. Introduction.- 2. The Structure of the ERC Model.- 3. The 1983 Version of Estimated Equations.- 4. Simulation of the ERC Model.- 5. Impact and Dynamic Multipliers.- 3 Taiwan Model.- 1. Introduction 3.- 2. The Model.- 3. Discussions on Behavioral Equations.- 4. Test of the Model.- 5. Policy Simulation.- 6. Conclusion.- 4 Korea Model.- 1. Introduction.- 2. Model.- 3. The Properties of the Model.- 4. Conclusion.- 5 The Philippines Model.- 1. Introduction.- 2. Model Specification.- 3. Estimation.- 4. Results / Findings.- 5. Evaluation of the Model: Ex-post or Historical Simulation.- 6. Dynamic Multiplier Analysis and Policy Simulation.- 7. Conclusion.- 6 Thailand Model.- 1. Introduction.- 2. The Model.- 3. Simulation.- 4. Conclusion.- 7 Malaysia Model.- 1. Introduction.- 2. Brief Survey of the Literature.- 3. The Model Specification.- 4. Simulation.- 5. Policy Simulation.- 8 Singapore Model.- 1. Introduction.- 2. Structure of the Model.- 3. Final Test and Shock Simulations.- 9 Indonesia Model.- 1. Introduction.- 2. The Model.- 3. Final Test and Policy Simulations.- Appendix to Chapter 9.- 10 Japan Model.- 1. Introduction.- 2. The Model.- 3. Final Test and Policy Simulations.- 4. Concluding Remarks.- 11 The U.S.A. Model.- 1. Introduction.- 2. Structural Equations System of the U.S.A. Model.- 3. Simulation Analysis of the U.S.A. Model.- 4. Concluding Remarks.- 12 China Model.- 1. Trade-off Relations in Socialist Countries.- 2. An Outline of the Model.- 3. Simulation.- 13 Asian Link System.- 1. Introduction.- 2. The Asian Link System.- 3. Traceability of the System: 1972–1980.- 4. Policy Simulations:1976–1980.- 14 A Program System to Solve Linked Econometric Models.- 1. Programs for Econometric Models.- 2. Solution Program for Linked Model.- 3. Linksim Prograsm System at Kyoto University Center for SEAS.- 4. Conclusion.- Data Appendix.- 2 Hong Kong.- 3 Taiwan.- 4 Korea.- 5 The Philippines.- 6 Thailand.- 7 Malaysia.- 8 Singapore.- 9 Indonesia.- 10 Japan.- 11 The U.S.A..- 12 China.- 13 Asian Link System.- Author Index.