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From Firm-Level Imports to Aggregate Productivity
Using the Korean manufacturing firm-level data, this paper confirms that three stylized facts on importing hold in Korea: the ratio of imported inputs in total inputs tends to be procyclical; the use of imported inputs increases productivity; and larger firms are more likely to use imported inputs. As a result, we find that firm-level import decisions explain a non-trivial fraction of aggregate productivity fluctuations in Korea over the period between 2006 and 2012. Main findings of this paper suggest a possible link between the recent global productivity slowdown and the global trade slowdown.
Dynamics of Housing in East Asia
This book is the first to evaluate the organisation, behaviour and performance of six major East Asian real estate markets. It offers a unique analysis of the growth and transformation of the real estate sector across East Asia. The authors examine the interactions between volatility in the sector and the overall stability of the economy, in particular during the Asia financial crisis of 1997-98, and the global financial crisis of 2008-09. draws on the best available theoretical and empirical literature applies analytic tools in the context of East Asian institutions and policies helps understand factors affecting resilience and stability in East Asian real estate markets.
World Economic Outlook, October 2016
According to the October 2016 "World Economic Outlook," global growth is projected to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017. The forecast, revised down by 0.1 percentage point for 2016 and 2017 relative to April’s report, reflects a more subdued outlook for advanced economies following the June U.K. vote in favor of leaving the European Union (Brexit) and weaker-than-expected growth in the United States. These developments have put further downward pressure on global interest rates, as monetary policy is now expected to remain accommodative for longer. Although the market reaction to the Brexit shock was reassuringly orderly, the ultimate impact remains very ...
IMF Research Bulletin, March 2016
The IMF Research Bulletin includes listings of recent IMF Working Papers and Staff Discussion Notes. The research summaries in this issue are “Explaining the Recent Slump in Investment” (Mathieu Bussiere, Laurent Ferrara, and Juliana Milovich) and “The Quest for Stability in the Housing Markets” (Hites Ahir). The Q&A column reviews “Seven Questions on Estimating Monetary Transmission Mechanism in Low-Income Countries” (Bin Grace Li, Christopher Adam, and Andrew Berg). Also included in this issue are updates on the IMF’s official journal, the IMF Economic Review, and recommended readings from IMF Publications.
Voices of Foreign Brides
Since the early 1990s, there has been a critical shortage of marriageable women in farming and fishing villages in Korea. This shortage, which has become a major social problem, resulted from a mass exodus of Korean women to cities and industrial zones. Korea's efforts to give rural bachelors a chance to marry have succeeded in providing 120,146 brides from 123 countries. However, the Korean government has proven to be ill-prepared to deal with the problems that foreign brides have encountered: family squabbles, prejudice, discrimination, divorce, suicide, and many adversities. The UN Commission on the Elimination of Racial Discrimination warned Korea to stop mistreatment of foreign brides a...
Membership Directory
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A History of Un-fractured Chinese Civilization in Archaeological Interpretation
This book presents an archeological interpretation of the history of Chinese civilization. Tracing back from recent history to the distant past, it explores the breadth of Chinese civilization. Using archeological remains and cultural relics as starting points and approaching the cultural dimension from material perspectives, it presents a panoramic view of China’s civilizational continuity, together with its ideological and cultural characteristics. Featuring a wealth of illustrations (including photos of cultural relics and sites, archeological surveys, etc.) and texts written in easy-to-understand language, it offers an engaging read without sacrificing academic quality. The main components of “civilization” are addressed: capital archeology, mausoleum archeology, ritual wares and architecture archeology, as well as written language. The book offers a unique resource for archeology scholars and majors, as well as general readers who are interested in Chinese archeology and history.
Science Abstracts
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Education Policy Reform Trends in G20 Members
G20 members bring together the world’s major advanced and emerging economies, as well as the European Union. Together they represent some 90% of global GDP, 80% of global trade and two-thirds of the world’s population. In recognition of educational development as a key driver of economic development, the G20 members have put education reform high on their policy agenda in order to meet the challenges and embrace the opportunities ahead. Their experiences and lessons in education reform will not only showcase the global trend of education development, but also will provide valuable reference and inspiration for undertaking education reform to advance national development in China as well as other countries. This book documents recent policy reform in G20 members’ systems, showcases the global trends in education policy, serves as a valuable reference tool and also provide inspiration for undertaking education reform to advance development in related countries.
