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Fiscal Policy Coordination in Asia: East Asian Infrastructure Investment Fund

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  • Mahani Zainal Abidin

Abstract

East Asian countries were seriously affected by the 2008 global crisis through a steep fall in exports. This experience exposed the vulnerability of the East Asian growth model and emphasized the importance of generating regional growth by expanding domestic demand and enlarging intra-regional trade. A key factor to achieving higher regional economic growth and enlarging intra-regional trade is the better connectivity of infrastructure such as roads, ports, airports, and rail links. Although some East Asian countries have made large investments in improving their infrastructures, others still lag behind. [ADBI Working Paper 232]

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  • Mahani Zainal Abidin, 2010. "Fiscal Policy Coordination in Asia: East Asian Infrastructure Investment Fund," Working Papers id:2960, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:2960
    Note: Institutional Papers
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    References listed on IDEAS

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    6. World Bank, "undated". "East Asia and Pacific Update, April 2009 : Battling the Forces of Global Recession," World Bank Publications - Reports 14684, The World Bank Group.
    7. Neill, Jon R., 1996. "Fueling the engine of growth with investment in infrastructure: A lesson from neoclassical growth theory," Journal of Macroeconomics, Elsevier, vol. 18(3), pages 521-529.
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    Cited by:

    1. Morgan, Peter J. & Lamberte , Mario, 2012. "Strengthening Financial Infrastructure," ADBI Working Papers 345, Asian Development Bank Institute.
    2. Masahiro Kawai & Peter J. Morgan, 2013. "Long-term Issues for Fiscal Sustainability in Emerging Asia," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 9(4), pages 751-770, September.
    3. Wisuttisak, Pornchai & Kim, Chul Ju & Rahim, Mia Mahmudur, 2021. "PPPs and challenges for competition law and policy in ASEAN," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 291-306.

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    Keywords

    East Asian; exports; global crisis; intra-regional trade; roads; ports; airports;
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