The Global Economic Recession and Industrial Structure: Evidence from Four Asian Dragons

Wen-jen Hsieh
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Wen-jen Hsieh: Asian Development Bank Institute

No 315, ADBI Working Papers from Asian Development Bank Institute

Abstract: The collapse of exports that has attended the current global economic recession threatens the export-led economic growth of the four Asian dragons. To better understand the economic performances and future prospects of the four dragons, this paper first examines the economic structural changes that have taken place in Hong Kong, China; the Republic of Korea; Singapore; and Taipei,China, as well as the gradual shifting of the sources of economic growth away from the manufacturing sector and toward the service sector. Following this, a panel data set for the four dragons for the period 1995–2008 is constructed and a fixed-effects model applied to the data.

Keywords: global economic recession; asian dragons; new service development; industrial structure (search for similar items in EconPapers)
JEL-codes: E60 F01 O12 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2011-10-25
New Economics Papers: this item is included in nep-cwa, nep-mac and nep-sea
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Citations: View citations in EconPapers (6)

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