Ebook: Econometric Models of Asian-Pacific Countries

This book is a sequel to our first report of ASIAN LINK PROJECT in 1985: Econometric Models of Asian LINK, Springer-Verlag, Tokyo - Berlin - New York. Now the scope is expanded to Asian-Pacific Countries in coverage, so that this monograph presents the econometric models of Japan, the United States, Canada, China, Korea, Taiwan, Hong Kong, Thailand, the Philippines, Malaysia, Singa­ pore, Indonesia, Australia and the European Community. We are particularly happy to have included the excellent models of Australia and Canada whose economies are essential parts of the Asian-Pacific Economic Community. Most of those models were presented at the Workshop of Asian Link Project held in Bandung, Indonesia at the time of the Second Convention of the East Asian Eco­ nomic Association, 1990. Those models have been up-dated since then, and several other important models were added. Unlike our previous book, we have not tried here to link these national models as a regional or global model in any way, ex­ cept for the model by S. Kinoshita which offers a regional linkage for Pacific-basin economies by linking the US, Japan, Canada, the European Community coun­ tries as a group, Asian NIEs (Korea, Hong Kong, Taiwan), ASEAN (Indonesia, Malaysia, the Philippines, Singapore) and East Asian economies. As we argued in our previous publication, we tried to publish these econometric models again with the statistical data as much as we could, so as to enable the reader examine the estimation and performance of the models by himself.

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This volume, a sequel to Econometric Models of Asian Link, is a unique compilation of up-to-date macro-econometric models of Asian-Pacific countries. It provides models of Japan, the United States, Canada, China, Korea, Taiwan, Hong Kong, Thailand, the Philippines, Malaysia, Singapore, Indonesia, Australia, and the European Community. The models of China, Australia, and Canada offered here are made available to the general reader for the first time. Moreover, all the models presented here are actually being used for prediction and policy-making in the respective countries, often by their governments. In addition, the authors present their analyses of the effects of various policies on the economies of the Asian-Pacific region. The statistical data which are also provided with almost all the models enable the reader to examine policy alternatives and draw independent conclusions. This volume will therefore be of invaluable help not only as a comprehensive source of econometric models but also as a guide-book for studies on the development of Asian-Pacific countries ingraduate courses and government planning offices.