Comparison of Macroeconomic Performance of Selected Asian Countries. An Econometric Analysis of China Economic Growth and Policy Implications

This paper compares the key macroeconomics indicators for the selected countries: China, Malaysia, Indonesia, Korea, Rep. and India and also makes an econometric analysis for China for the period 1961-2007. These countries are chosen on the basis of comparability of data and time without measurement...

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Main Authors: Hasret Benar Balcioglu, Kivanç Vural
Format: Article
Language:English
Published: General Association of Economists from Romania 2009-09-01
Series:Theoretical and Applied Economics
Subjects:
Online Access: http://store.ectap.ro/articole/408.pdf
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author Hasret Benar Balcioglu
Kivanç Vural
author_facet Hasret Benar Balcioglu
Kivanç Vural
author_sort Hasret Benar Balcioglu
collection DOAJ
description This paper compares the key macroeconomics indicators for the selected countries: China, Malaysia, Indonesia, Korea, Rep. and India and also makes an econometric analysis for China for the period 1961-2007. These countries are chosen on the basis of comparability of data and time without measurement errors. This study also investigates six hypotheses considering the impact of several key macroeconomic variables such as domestic saving rate, domestic investment rate, and volatility of savings, volatility of inflation, growth rate of exports and growth rate of real GNP. By using suitable statistical and econometric tests, this paper finds that prevailing performance of China depends on its superior rates of domestic saving and exports. Policies are also suggested from the differentials between the economic performances of China and other chosen Asian countries.
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spelling doaj.art-a2a194c58c8540aab759e019f28948d52022-12-22T00:55:36ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292009-09-01XVI918418678Comparison of Macroeconomic Performance of Selected Asian Countries. An Econometric Analysis of China Economic Growth and Policy ImplicationsHasret Benar Balcioglu0Kivanç Vural1 Cyprus International University, Turkey Texas A&M University, USA This paper compares the key macroeconomics indicators for the selected countries: China, Malaysia, Indonesia, Korea, Rep. and India and also makes an econometric analysis for China for the period 1961-2007. These countries are chosen on the basis of comparability of data and time without measurement errors. This study also investigates six hypotheses considering the impact of several key macroeconomic variables such as domestic saving rate, domestic investment rate, and volatility of savings, volatility of inflation, growth rate of exports and growth rate of real GNP. By using suitable statistical and econometric tests, this paper finds that prevailing performance of China depends on its superior rates of domestic saving and exports. Policies are also suggested from the differentials between the economic performances of China and other chosen Asian countries. http://store.ectap.ro/articole/408.pdf ChinaAsian Countriesmacroeconomic indicators
spellingShingle Hasret Benar Balcioglu
Kivanç Vural
Comparison of Macroeconomic Performance of Selected Asian Countries. An Econometric Analysis of China Economic Growth and Policy Implications
Theoretical and Applied Economics
China
Asian Countries
macroeconomic indicators
title Comparison of Macroeconomic Performance of Selected Asian Countries. An Econometric Analysis of China Economic Growth and Policy Implications
title_full Comparison of Macroeconomic Performance of Selected Asian Countries. An Econometric Analysis of China Economic Growth and Policy Implications
title_fullStr Comparison of Macroeconomic Performance of Selected Asian Countries. An Econometric Analysis of China Economic Growth and Policy Implications
title_full_unstemmed Comparison of Macroeconomic Performance of Selected Asian Countries. An Econometric Analysis of China Economic Growth and Policy Implications
title_short Comparison of Macroeconomic Performance of Selected Asian Countries. An Econometric Analysis of China Economic Growth and Policy Implications
title_sort comparison of macroeconomic performance of selected asian countries an econometric analysis of china economic growth and policy implications
topic China
Asian Countries
macroeconomic indicators
url http://store.ectap.ro/articole/408.pdf
work_keys_str_mv AT hasretbenarbalcioglu comparisonofmacroeconomicperformanceofselectedasiancountriesaneconometricanalysisofchinaeconomicgrowthandpolicyimplications
AT kivancvural comparisonofmacroeconomicperformanceofselectedasiancountriesaneconometricanalysisofchinaeconomicgrowthandpolicyimplications