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The State-And-Speed Of The Economies In Asean-5: A Geometry Analysis

Author

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  • KIAN-TENG KWEK

    (Department of Economics, Faculty of Economics and Administration, University of Malaya, Lembah Pantai 50603, Malaysia)

  • CHO-WAI CHO

    (Department of Economics, Faculty of Economics and Administration, University of Malaya, Lembah Pantai 50603, Malaysia)

Abstract

The many unique findings on economic growth studies by the flying geese analysis (Kwan, 1994), the convergence-catching-up analysis (Lim and McAleer, 2003), and competitive index rankings by the World Economic Forum (WEF) and the International Institute for Management Development (IMD), all provide country rankings and comparisons only on one plane, i.e., to determine which country is doing best, better or worst. But we introduce a new measurement based on geometric planes that enables us to measure the "state and speed of the economy", to determine the actual "economic size" due to policy actions, and to evaluate macroeconomic policies' effectiveness and coherence in producing real economic growth.

Suggested Citation

  • Kian-Teng Kwek & Cho-Wai Cho, 2006. "The State-And-Speed Of The Economies In Asean-5: A Geometry Analysis," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 51(03), pages 303-324.
    • Handle: RePEc:wsi:serxxx:v:51:y:2006:i:03:n:s0217590806002457
    DOI: 10.1142/S0217590806002457
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    References listed on IDEAS

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    2. Lee Kian Lim & Michael McAleer, 2004. "Convergence and catching up in ASEAN: a comparative analysis," Applied Economics, Taylor & Francis Journals, vol. 36(2), pages 137-153.
    3. Alan M. Taylor, 1995. "Growth and Convergence in the Asia-Pacific Region: On the Role of Openness, Trade and Migration," NBER Working Papers 5276, National Bureau of Economic Research, Inc.
    4. Takatoshi Ito & Mr. Tamim Bayoumi & Mr. Peter Isard & Mr. Steven A. Symansky, 1996. "Exchange Rate Movements and Their Impact on Trade and Investment in the APEC Region," IMF Occasional Papers 1996/011, International Monetary Fund.
    5. Anne O. Krueger, 1978. "Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences," NBER Books, National Bureau of Economic Research, Inc, number krue78-1.
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