PSN: Asia & South East Asia (Topic)最新文献

{"title":"Introduction: New Asian Regionalism as a Global Paradigm Shift","authors":"Pasha L. Hsieh","doi":"10.2139/ssrn.3863744","DOIUrl":"https://doi.org/10.2139/ssrn.3863744","url":null,"abstract":"This book offers a panoramic account of new Asian regionalism in international economic law. It explores interrelated theoretical and substantive claims on proliferating trade and investment agreements in the Asia-Pacific. More specifically, it argues that new Asian regionalism has emerged amid the third wave of global regionalism and contributed to the New Regional Economic Order (NREO), which reinvigorates the role of developing countries in shaping international trade norms. The research therefore serves as a timely response to the rival of the Asian century.","PeriodicalId":103524,"journal":{"name":"PSN: Asia & South East Asia (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130222750","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Yellowization Versus Tradition: Yellowization Event in Solo City 1997","authors":"Abdullah Sammy","doi":"10.2139/ssrn.3669426","DOIUrl":"https://doi.org/10.2139/ssrn.3669426","url":null,"abstract":"This research discuss the Yellowization program that occurred in Solo City in 1997. Yellowization is a program initiated by the Governor of Central Java, Soewardi in 1995. This program was then welcomed by regents and mayors throughout Central Java, including Imam Sutopo who is the Mayor of Solo.<br><br>Yellowization is a policy to color the environment in central Java with yellow which is the color of the greatness of the Golkar Party. This policy is more intensively carried out ahead of the 1997 elections.<br><br>In Solo, this policy caused widespread resistance. This is because Yellowization targets traditional political and cultural institutions, namely the Surakarta Kingdom or the Solo Keraton. Although it no longer has formal political power, in fact the Solo Keraton still has a strong cultural influence.<br><br>The Keraton Solo was part of the target of Yellowization. The building in North Alun-Alun which was originally white was painted yellow by the government. This action was met with resistance from the Keraton who considered the government to have stepped on the dignity and cultural traditions of the Palace.<br><br>Because the Keraton Solo color is identical to the white and blue colors. While the yellow color is more identical with the color of the Yogyakarta Keraton which is nothing but an empire that had been involved in a civil war with the Solo Keraton.<br><br>Inevitably, Yellowization caused direct resistance from the Palace. On the other hand, the cultural power of the Keraton Solo still influenced the people who later fought back by launching a counter-action namely 'Whiteisation'.<br><br>In this study, questions will be answered about how the Solo Keraton and the people of Solo oppose the Yellowization policy?<br>","PeriodicalId":103524,"journal":{"name":"PSN: Asia & South East Asia (Topic)","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127253914","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Evaluation of Value Chains and Regional Integration in Asia","authors":"Nakgyoon Choi","doi":"10.2139/ssrn.3887348","DOIUrl":"https://doi.org/10.2139/ssrn.3887348","url":null,"abstract":"The Asian share in world value added in exports and imports increased substantially between 1995 and 2015. The share of trade in intermediate goods has been dominant in Asia compared to those of Europe, America, and the rest of the world. The deeper trade agreements have boosted up global value chains because the international trade in global value chains was regional rather than multilateral. When we analyzed the World Bank database on the content of preferential trade agreements, however, the regional trade agreements in Asia did not turn out to be as deep as those in America and Europe. Deeper regional integration contributes to the organization of global value chains along the regional clusters. In addition, Asia centered around China turns out to import more intermediate goods than Europe and America because it assembles the parts and components to export the final goods to foreign countries. In particular, the so-called Factory Asia is much closer to a network rather than the hub-and-spoke pattern observed in Factory North America and Factory Europe, as Baldwin and Lopez-Gonzalez (2015) claims. Therefore Asian value chains are exposed to more serious risk sources. One of the implications of rising global val-ue chains for Asian economic development is that they need to be resilient against shocks from risk sources including natural disruptions because there is a potential for these shocks to propagate throughout the region.","PeriodicalId":103524,"journal":{"name":"PSN: Asia & South East Asia (Topic)","volume":"146 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116497821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) and its Potential Opportunities for Sri Lanka","authors":"V. Kamal Ahamed","doi":"10.2139/ssrn.3874527","DOIUrl":"https://doi.org/10.2139/ssrn.3874527","url":null,"abstract":"The emergence of regionalism and regional integration must be placed in a broader historical perspective. Regionalism became a prominent feature of world politics during the 1940s and 1950s concurring with extensive moves towards European integration. The process of regionalisation successively manifested itself through the formation of congruent regional blocs among which most important one is the European Economic Community (EEC) therefore, the concept of ‘regionalism’ had been interpreted in European sense and understanding. It is the endurance and achievement of this regional bloc that led to a surge of regionalism among developing countries in the course of time. The Regional cooperation has become increasingly important to sustainable growth and development among South Asian and Southeast Asian countries. Countries in these two regions have been realising that their interaction with each other through unilateral reforms to enhance and economic efficiency, as well as via regional approaches to deepening economic integration, for example, through bilateral and regional agreements. Thus economic another sectorial integration has been an important determinant of economic success and a key ingredient in the recipe for future growth in South Asia and Southeast Asia. Regional cooperation in Asia gained momentum with the establishment of the Association of Southeast Asian Nations (ASEAN) in 1967, the South Asian Association for Regional Cooperation (SAARC) in 1985 and the Asia-Pacific Economic Cooperation (APEC) in 1989. At present, the sub-regional groupings have become a key defining feature of Asian regionalism and BIMSTEC is one sub-regional grouping formed in 1997 for fulfilling common goals of the member states. BIMSTEC has an advantage of combining five geographically adjacent countries of SAARC with two ASEAN members and thus provides a gigantic scope for regional integration and prosperity. Sri Lanka is a member of the SAARC and has played a vital role in promoting regional economic and cultural cooperation. Even though, SAARC is sunk down mainly due to India’s ascendancy and India-Pakistan struggles. Sri Lanka believes that becoming member of ASEAN would give Sri Lanka an assurance against unwelcomed Indian Interference. The biggest gain Sri Lanka stands to benefit from an ASEAN membership is easier access to trading and investment opportunities in the region. Seeking membership of ASEAN is not an impossible task for Sri Lanka; however, it will have to think about the fact that it is geographically not a part of Southeast Asia, which is one major though not untouchable precondition - due to these dilemmas Sri Lanka strategically like to engage with other South Asian Countries. Therefore, Sri Lanka considered BIMSTEC as an opportunity to engage with the economically thriving Southeast Asian countries, especially after several failed attempts to join ASEAN in the decade prior to the establishment of BIMSTEC.","PeriodicalId":103524,"journal":{"name":"PSN: Asia & South East Asia (Topic)","volume":"44 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120819988","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Predictability of Financial Markets in ASEAN Countries using Machine Learning Techniques","authors":"D. Jayasuriya","doi":"10.2139/ssrn.3318051","DOIUrl":"https://doi.org/10.2139/ssrn.3318051","url":null,"abstract":"This paper develops several efficient machine learning models and compare their performance in forecasting the value and direction of stock prices and indices from the ASEAN countries. Although all models adequately forecast the stock indices ranging from 40% to 95% accuracy and outperform traditional regression models, ANN models outperform all other models. This study identifies several important variables as important predictors. Finally, this study concludes that the emerging economies of the ASEAN countries are indeed predictable with more than 95% accuracy.","PeriodicalId":103524,"journal":{"name":"PSN: Asia & South East Asia (Topic)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124016306","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Do China or the US Macroeconomic Conditions Affect Asian Public Real Estate Markets?","authors":"K. Liow, Yuting Huang, Kai H. Lim","doi":"10.2139/ssrn.3186364","DOIUrl":"https://doi.org/10.2139/ssrn.3186364","url":null,"abstract":"In retrospect of China’s increasing significance and active role in the global economy alongside with prominence in Asian economic growth, this paper investigates the relative impact of China’s and US’s macroeconomic factors on Asian real estate excess return performance. Although past literature covered extensively the influence of macroeconomic variables on the domestic stock markets, little had been done in the research of foreign macroeconomic factors on domestic real estate markets. This paper attempts to contribute along this direction. Using a set of 10 Asia-Pacific (APAC) and the US real estate market monthly excess returns, as well as several macroeconomic factors and economic policy uncertainty indices from January 1988 to April 2017, we implement multiple regression analysis, linear and nonlinear causality analysis and generalized impulse response functions to reach a robust conclusion. We find that there are insignificant correlations between China macroeconomic variables and APAC, as well as between the U.S macroeconomic variables and APAC real estate market excess returns in both the full and sub-period analysis. The observations would agree with the conventional wisdom that foreign macroeconomic factors have weaker correlations with the real estate returns, as compared to its domestic counterparts. Nevertheless, the US macroeconomic factors show stronger causal relationship with the APAC real estate excess returns during the full period analysis, while China macroeconomic variables have witnessed a stronger causal relationship in shorter sub-period analysis. Key macroeconomic variables such as Industrial Production Output Index, Long Term Interest Rates and Economic Policy Uncertainty had observed significant fluctuated responses for both US and China. Overall, it can be concluded from the study that the US economy continues to have a dominant influence in Asian real estate markets. However, during economic crises, the impact of China’s economy conclusively outweighs that of U.S. The key macroeconomic factors that are the most impactful include industrial output growth, long-term interest rate and economic policy uncertainty. Finally, the results reported in this paper might have portfolio and policy implications.","PeriodicalId":103524,"journal":{"name":"PSN: Asia & South East Asia (Topic)","volume":"149 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115585149","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Cuando el león chino no es como lo pintan (When the Chinese Lion Is Not as They Paint It)","authors":"Mauro D. Rios","doi":"10.2139/ssrn.3147894","DOIUrl":"https://doi.org/10.2139/ssrn.3147894","url":null,"abstract":"<b>Spanish Abstract:</b> Hablar de China es hablar de una potencia económica innegable, así como de un régimen totalitario de una impronta muy particular que no se ha replicado en ningún lugar del mundo por las llamadas izquierdas. Hoy, luego de las últimas reformas, el líder se puede perpetuar de por vida en el poder, China se convierte así en un cuasi Imperio con su emperador. Así que hablar de China es hablar de innumerables particularidades, desde la cultura milenaria hasta estas cuestiones actuales. Pero China no deja de estar inserto en un mundo moderno, tecnológicamente en constante avance y cambios. En términos globales, sabemos que el sector privado es muchas veces el gran motor de las nuevas tecnologías que surgen casi diariamente, pero precisamente es este sector el que en China, las autoridades le han construido un escenario no siempre beneficioso (para el privado), pero siempre provechoso para el propio Gobierno, donde éste se “vende” como “lo mejor de lo mejor”. Al gobierno chino le gusta presumir de los logros y avances que, curiosamente, a veces sólo son humo. Sin menoscabo de los tremendos logros científicos reales de ese país. En ciencia y la tecnología china es precisamente donde me detendré a analizar algunos parámetros e indicadores, así como prácticas y estudios de casos. Un escenario que brilla tanto que no permite ver la realidad a la sombra. <b>English Abstract:</b> To speak of China is to speak of an undeniable economic power, as well as of a totalitarian regime of a very particular imprint that has not been replicated anywhere in the world by the so-called political left. Today, after the last reforms, the leader can perpetuate himself for life in power, China thus becomes a quasi-empire with his emperor. So to speak of China is to speak of innumerable particularities, from the millenary culture to these current issues. But China is also inserted in a modern world, technologically in constant advance and changes. In global terms, we know that the private sector is often the great engine of new technologies that arise almost daily, but it is precisely this sector that in China, the authorities have built a scenario that is not always beneficial (for the private sector), but always profitable for the Government itself, where it is \"sold\" as \"the best of the best\". The Chinese Government likes to boast of the achievements and advances that, curiously, sometimes are just smoke. Without detracting from the tremendous real scientific achievements of that country. And in Chinese science and technology is precisely where I will stop to analyze some parameters and indicators, as well as practices and case studies. A scenario that shines so bright that it does not allow to see reality in the shade.","PeriodicalId":103524,"journal":{"name":"PSN: Asia & South East Asia (Topic)","volume":"38 6 Suppl 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126082422","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Risk Premia in Chinese Commodity Markets","authors":"Chaohua He, Cheng Jiang, Marat Molyboga","doi":"10.2139/ssrn.2825109","DOIUrl":"https://doi.org/10.2139/ssrn.2825109","url":null,"abstract":"This paper investigates risk premia in Chinese commodity markets. We accomplish that by decomposing the returns of commodity futures into spot and term premia following Szymanowska, De Roon, Nijman and Van Den Goorbergh (2014). We find that a three factors model that includes equally-weighted market factor, carry and time-series momentum explains spot premia. The term premium, which represents a deviation from the expectation hypothesis, is weak, in contrast with the significant premium in the US commodity markets associated with the average t-statistic of 4.32 and explained by two investable factors that are derived using calendar spreads. We demonstrate that the term premia are not driven by liquidity and are negatively related to basis likely due to mean-reversion in basis.","PeriodicalId":103524,"journal":{"name":"PSN: Asia & South East Asia (Topic)","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130148312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"동남아시아, 인도·남아시아 (South East Asia, India-South Asia)","authors":"I. Kim, Taeyoon Kim, Seokhyeon Ko, Sun Eae Chun, Seun-yul Oh, Joo Hyun Go, Moinuddin Ahmed, Woosung Kim, K. Bae, M. Lee, K. Chun","doi":"10.2139/SSRN.2950904","DOIUrl":"https://doi.org/10.2139/SSRN.2950904","url":null,"abstract":"Korean Abstract: 2016 전략지역 심층연구 논문집은 신흥지역에 대한 국내연구를 활성화하기 위해 대외경제정책연구원 (KIEP)이 수행한 2016년 ‛전략지역 심층연구 사업’의 일환으로 발간되었습니다. 본 논문집에는 동남아시아 및 인도ㆍ남아시아 지역에 대한 이해의 폭을 넓히고 인식의 지평을 확대하는 데 기여하는 정치, 경제, 사회, 문화에 대한 8편의 논문이 수록되어 있습니다. \u0000English Abstract: The study was published as part of the 'Strategic Research Projects in 2016, conducted by the Institute for International Economic Policy Studies (KIEP) to boost domestic research. This paper covers eight articles on politics, economy, society and culture that contribute to broaden the horizons of perceptions and awareness about Southeast Asia and India-South Asia.","PeriodicalId":103524,"journal":{"name":"PSN: Asia & South East Asia (Topic)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125249309","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"한ㆍ아세안 기업간 지역생산네트워크 구축전략 (Study on Strategies for Building Regional Production Networks in the ASEAN Region)","authors":"Sungil Kwak, J. Cheong, Jegook Kim, Minlee Shin, Meeryung La","doi":"10.2139/SSRN.2946751","DOIUrl":"https://doi.org/10.2139/SSRN.2946751","url":null,"abstract":"Korean Abstract: 한국은 최근 직접투자를 통해 ASEAN과 상호 의존적인 경제관계를 확대하고 있으므로, 장기적 안목에서 어떻게 전략적 관계를 발전시켜나갈지 고민할 때다. 양자간 관계를 더욱 강화하기 위해 본 연구는 한국의 ASEAN 역내 지역생산네트워크 구축 전략과 방안을 제시한다. ASEAN 지역 생산네트워크 구축 경험을 분석하고, ASEAN에 진출한 한국기업과 현지 토착기업을 대상으로 설문 조사와 심층 인터뷰를 진행하여 현실감 있는 전략과 방안을 도출하였다. English Abstract: Recently, there has been growing interest in the use of production networks in the ASEAN region, which has emerged as a new production base and consumer market for Korea. If Korean firms establish regional production networks with intra-regional enterprises, they can improve production efficiency by heightening the possibility of local survival and international market competitiveness. Meanwhile, given the fact that Korea has gained a trade surplus of about $ 30 billion in 2015 from the ASEAN region, Korean firms should seek further cooperation with local ASEAN firms. If the new protectionism that has been spreading across the world contaminates ASEAN member states (AMS), AMS may complain about the trade imbalance. ASEAN member states have recently demonstrated their willingness to support the participation of SMEs in global production networks. If firms in AMS successfully participate in a global production network and upgrade their competitiveness, they can become competitors to Korean firms working in the ASEAN region. The utilization of local firms can be considered a countermeasure against the growth of ASEAN firms. Based on the above needs, it will be necessary to establish regional production networks (RPN) in the ASEAN region, as a new strategy for increasing both the sustainability and efficiency of Korean firms in ASEAN. In addition, this will lead to the expansion of exports. Therefore, the purpose of this study is to establish strategies for regional production networks in the ASEAN region.","PeriodicalId":103524,"journal":{"name":"PSN: Asia & South East Asia (Topic)","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126923283","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}