CEJ Volume 1. No. 3. 2008


 date:2009-10-11 11:31:00 source:BiMBA         

Table of Content

 

1.        Economic thoughts from an East Asian perspective: a conceptual framework of viability and development strategy

   Justin Yifu Lin               

   Page 245-275

 

2.      Efficiency amongst China's banks: a DEA analysis five years after WTO entry

   James Laurenceson and Zhao Yong                

   Page 276-286

 

3.      Private and public financing of education and regional disparities in education inputs in contemporary China

   Joanne Xiaolei Qian and Russell Smyth                            

   Page 287-302

 

4.      Hotel electronic marketing and online price dispersion in mainland China

   Fang-Fang Tang and Jichuan Zong                            

   Page 303-316

 

5.      Forecasting inflation in China

   Aaron Mehrotra and José R. Sánchez-Fung                            

   Page 317-322

 

6.      The new exchange rate policy in the Asian emerging economies – goodbye trouble, hello comfort?

   Friedrich L. Sell                                              

   Page 323-344

 

Article Abstract

 

1.      Economic thoughts from an East Asian perspective: a conceptual framework of viability and development strategy

   Justin Yifu Lin               

   Page 245-275

Abstract: This paper attempts an analytical framework centering the relationship between the concept of viability and choice of development strategy. On the basis of a critical review on the mainstream literature in economic development, it presents the conceptual framework with an emphasis on elaborating the dichotomy of "comparative advantage defying (CAD) strategy" versus "comparative advantage following (CAF) strategy". Empirical experiences of economic development in China and other East Asian economies in the contemporary era are discussed in the context of the conceptual framework.

Keywords:

Economic development, economic thoughts, viability and development strategy 

Link to the original text:

http://www.informaworld.com/smpp/content~db=all~content=a906733821

 

2.        Efficiency amongst China's banks: a DEA analysis five years after WTO entry

   James Laurenceson and Zhao Yong                

   Page 276-286

Abstract: WTO entry in 2001 heralded a new stage in the reform of China's banking sector. With the reality that foreign banks would be extended national treatment by the end of 2006, China's banks faced the imperative to reform in earnest. They began reforms from a variety of different starting points and have pursued a variety of different reform approaches. Five years on, this paper assesses efficiency levels in 11 of China's most prominent banks. The results, obtained using Data Envelopment Analysis (DEA), suggest that differences in efficiency levels are actually quite small. On the one hand, this finding is encouraging because it suggests that few of China's major banks lag behind the pack. On the other hand, it also implies that efficiency levels almost certainly do lag in China's less prominent banks, which together still account for more than 40 per cent of total banking system assets.    

Keywords: China, banking reform, efficiency 

Link to the original text:

http://www.informaworld.com/smpp/content~db=all~content=a906734181

 

3.        Private and public financing of education and regional disparities in education inputs in contemporary China

   Joanne Xiaolei Qian and Russell Smyth                            

   Page 287-302

Abstract: Reforms to China's education sector over the last two decades have sought to diversify the sources of funding education. This paper examines the consequences of these reforms for Chinese families and regional disparities in access to education. To illustrate the implications of education reforms for Chinese families, we draw on a large survey of urban residents across 32 Chinese cities as well as a case study of fees charged by a single secondary school in Chengdu. We argue that while China has made progress in moving towards the United Nations objective of "Education for All", decentralization of China's education funding has impeded access to schooling for many, particularly those living in financially disadvantaged locales, and placed an undue financial burden on many ordinary Chinese households. 

Keywords: China, education, cost-sharing, decentralization, regional disparities 

Link to the original text:

http://www.informaworld.com/smpp/content~db=all~content=a906734398

 

4.        Hotel electronic marketing and online price dispersion in mainland China

   Fang-Fang Tang and Jichuan Zong                           

   Page 303-316

Abstract: This study gives extensive reviews on how hotels in Mainland China utilize the Internet and the differences of their Internet applications from their American and European counterparts. Based on this, we discuss why this is so and point out several possibilities how to improve. More than that, we examined the issue of pricing practices across third-party online intermediaries, and measured the scale of price dispersion in the hotel online booking market in Mainland China. To examine the dynamics of pricing and price dispersion in the hotel online booking market, we have collected two longitudinal panel data of price observations with a long time between. Our empirical results have shown a clear reputation effect and economy effect on price dispersion of hotel online reservation. Key findings include: the higher the hotel rank and room type, the larger the price dispersion; the three cities exhibit different price dispersion patterns and the higher the quality of the room, the larger the price dispersion is affected by location.   

Keywords: Price dispersion, Web reservation, Electronic distribution, China hospitality industry

Link to the original text:

http://www.informaworld.com/smpp/content~db=all~content=a906734135

 

5.      Forecasting inflation in China

   Aaron Mehrotra and José R. Sánchez-Fung                           

   Page 317-322

Abstract: This paper forecasts inflation in China over a 12-month horizon. The analysis runs 15 alternative models and finds that only those considering many predictors via a principal component display a better relative forecasting performance than the univariate benchmark.   

Keywords: inflation forecasting; data-rich environment; principal components. 

Link to the original text:

http://www.informaworld.com/smpp/content~db=all~content=a906734326

 

6.      The new exchange rate policy in the Asian emerging economies – goodbye trouble, hello comfort?

   Friedrich L. Sell                                              

   Page 323-344

Abstract: In this paper, we discuss new aspects of exchange rate policy, which can be observed in the Asian emerging economies. In the first place, we show the alternatives regimes they may choose and their respective pros and cons. Secondly, we concentrate on the recent strategy of systematic undervalua-tion of one's one currency – figuring prominently among "big" Asian players such as China and India – and the most likely implications of such a strategy for domestic allocation, distribution and stabilization goals. On the background of Germany's experiences in 1969, almost on the eve of the Bretton Woods' system collapse, we thirdly model a speculative attack on an undervalued currency in the vein of the Flood-Garber seminal paper from 1984. Now, however, the country in concern (just like India and China) possesses strong rather than weak fundamentals. The continuous accu-mulation of international reserves, in addition, leads fourthly to the question of an "optimal man-agement" of foreign exchange reserves in Asian emerging economies with regard to size and com-position. We finally propose a sequence of reforms/policies, which should be implemented in Asian emerging economies on their still long way to an autonomous monetary, and a flexible exchange rate with little if any capital controls. A brief summary and an outlook for future research close the paper.   

Keywords: Asian emerging economies, exchange rate policy, first generation models of speculative attacks, management of reserves    

Link to the original text:

http://www.informaworld.com/smpp/content~db=all~content=a906733780

 
 
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