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Hidekatsu Asada. Determinants of Foreign Direct Investment Inflows to Myanmar. Bulletin of Applied Economics 2021, 8, 19 -28.
AMA StyleHidekatsu Asada. Determinants of Foreign Direct Investment Inflows to Myanmar. Bulletin of Applied Economics. 2021; 8 (1):19-28.
Chicago/Turabian StyleHidekatsu Asada. 2021. "Determinants of Foreign Direct Investment Inflows to Myanmar." Bulletin of Applied Economics 8, no. 1: 19-28.
Among developing Asian countries that have accelerated their integration with the global economy, Vietnam has achieved remarkable economic development. Vietnam’s development strategy prioritizing the promotion of trade and foreign direct investment (FDI) resulted in the rapid transformation of its industrial structure from an agro-based one to one led by the export-oriented manufacturing sector in the past three decades. Given the importance of labor productivity growth on the structural transformation, the study examined the effects of FDI and trade on labor productivity growth in Vietnam in the long run and short run. The study employed the autoregressive distributed lag (ARDL) model of analysis using data from 1990 to 2017. The ARDL model analysis revealed that FDI, capital goods import, and export unanimously contributed to the labor productivity growth in the long run, while the impact in the short run remained ambiguous. The results confirm the theoretical framework augmenting the positive relationship that exists between FDI and trade and labor productivity growth. Vietnam’s experience is expected to provide an important lesson to other developing countries.
Hidekatsu Asada. Effects of Foreign Direct Investment and Trade on Labor Productivity Growth in Vietnam. Journal of Risk and Financial Management 2020, 13, 204 .
AMA StyleHidekatsu Asada. Effects of Foreign Direct Investment and Trade on Labor Productivity Growth in Vietnam. Journal of Risk and Financial Management. 2020; 13 (9):204.
Chicago/Turabian StyleHidekatsu Asada. 2020. "Effects of Foreign Direct Investment and Trade on Labor Productivity Growth in Vietnam." Journal of Risk and Financial Management 13, no. 9: 204.
The Prosperity pillar of the 2030 Agenda for Sustainable Development calls for an integrated approach based on boosting productivity through diversification, upgrading technology and innovation, and increasing employment and entrepreneurship. Thailand needs to address all these challenges to achieve high-income country status by 2036. Over the past decade, limited structural reform and capital investment have held back productivity growth and improvements in well-being, and Thailand has lost ground vis-à-vis regional comparators. More recently, however, economic growth has started to regain momentum helped by a pick-up in global trade, which has supported exports, and by a substantial public infrastructure investment programme. Moving forward, Thailand will need to boost productive capacity in the face of intensified competition with regional peers and rapid demographic ageing. In addition, productivity gains will be increasingly necessary to drive growth. Key areas of focus include improving human resource development, encouraging technology diffusion via cluster development, promoting innovation and digitalisation, improving the SME policy framework and expanding regional integration, as emphasised in the government’s 12th Plan and Thailand 4.0. This Working Paper relates to the Initial Assessment report of the Multi-dimensional Country Review of Thailand (http://www.oecd.org/eco/surveys/multi-dimensional-review-thailand.htm)
Vincent Koen; Hidekatsu Asada; Mohamed Rizwan Habeeb Rahuman; Adam Bogiatzis. Boosting productivity and living standards in Thailand. 2018, 1 .
AMA StyleVincent Koen, Hidekatsu Asada, Mohamed Rizwan Habeeb Rahuman, Adam Bogiatzis. Boosting productivity and living standards in Thailand. . 2018; ():1.
Chicago/Turabian StyleVincent Koen; Hidekatsu Asada; Mohamed Rizwan Habeeb Rahuman; Adam Bogiatzis. 2018. "Boosting productivity and living standards in Thailand." , no. : 1.
The Peace pillar of the 2030 Agenda for Sustainable Development encompasses a diverse range of issues including stability and effective governance. Reforming the public sector is high on the government’s agenda, but involves a number of challenges: the gap between planning and implementation of policy objectives remains large; insufficient public participation in policy making is undermining the efficient allocation of resources toward public needs and development goals; under-development of evidence-based regulations is hampering the creation of a business-friendly environment essential to high value-added activities; and high levels of perceived corruption are weakening business confidence and public trust in the government. Thailand’s 12th Economic and Social Development Plan emphasises the importance of public sector reform. It sets out measures to strengthen co-ordination across ministries and agencies aimed at improving implementation of policy programmes, boosting public participation in policy making, improving online access to government services and combating corruption by strengthening integrity measures. The upcoming 20-year National Strategy and the accompanying National Reform Plan are expected to pave the way for future development. However, an inclusive and consultative process will be essential to ensure the success of reform efforts. This Working Paper relates to the Initial Assessment report of the Multi-dimensional Country Review of Thailand. (http://www.oecd.org/eco/surveys/multi-dimensional-review-thailand.htm)
Abu Zeid Mohd Arif; Lara Fleischer; Adam Bogiatzis; Hidekatsu Asada; Andrea Colombo; Koffi Zougbédé. Enhancing governance in Thailand. 2018, 1 .
AMA StyleAbu Zeid Mohd Arif, Lara Fleischer, Adam Bogiatzis, Hidekatsu Asada, Andrea Colombo, Koffi Zougbédé. Enhancing governance in Thailand. . 2018; ():1.
Chicago/Turabian StyleAbu Zeid Mohd Arif; Lara Fleischer; Adam Bogiatzis; Hidekatsu Asada; Andrea Colombo; Koffi Zougbédé. 2018. "Enhancing governance in Thailand." , no. : 1.
The Partnerships pillar of the 2030 Agenda for Sustainable Development cuts across all the goals focusing on the mobilisation of resources needed to implement the agenda. Thailand’s “sufficiency economy philosophy” encourages the prioritisation of long-term sustainability over short-term benefits. As such, Thailand has a long history of fiscal prudence that has served the country well in times of economic and political instability. However, relying on current fiscal buffers to finance foreseeable expenditure pressures is not sufficient or sustainable. A rapidly ageing population and shrinking workforce will weigh on future public finances and on the ability to achieve the Sustainable Development Goals. To ensure that Thailand is well placed over the medium term to meet growing social, environmental and infrastructure requirements, the government should: (i) increase tax revenues by broadening the tax base and enhancing collection efficiency; (ii) facilitate greater private sector investment in productive infrastructure; and (iii) reform the healthcare and pension systems to increase their efficiency and effectiveness. This Working Paper relates to the Initial Assessment report of the Multi-dimensional Country Review of Thailand. (http://www.oecd.org/eco/surveys/multi-dimensional-review-thailand.htm)
Adam Bogiatzis; Hidekatsu Asada; Mohamed Rizwan Habeeb Rahuman. Sustainable finance for inclusive growth in Thailand. 2018, 1 .
AMA StyleAdam Bogiatzis, Hidekatsu Asada, Mohamed Rizwan Habeeb Rahuman. Sustainable finance for inclusive growth in Thailand. . 2018; ():1.
Chicago/Turabian StyleAdam Bogiatzis; Hidekatsu Asada; Mohamed Rizwan Habeeb Rahuman. 2018. "Sustainable finance for inclusive growth in Thailand." , no. : 1.
The People pillar of the 2030 Agenda for Sustainable Development focuses on quality of life in all its dimensions, and emphasises the international community’s commitment to ensuring all human beings can fulfil their potential in dignity, equality and good health. Thailand’s path from a low-income to an upper-middle-income country over recent decades is widely hailed as a development success story. Poverty has fallen impressively and inequality is on a downwards trend, but more efforts are needed to reduce still widespread informality and persistent, substantial regional inequalities, and to further improve living standards, especially for those who currently work informally. To achieve these objectives, the government needs to: (i) consider tax and regulatory measures to encourage formalisation; (ii) boost the participation rates of informal workers in social protection schemes; (iii) expand adequate social safety nets for poor households and the elderly; (iv) prepare the healthcare system for an ageing and modernising society; and (v) improve the education system, particularly in rural areas. Gaps also remain in ensuring women’s political participation and reducing gender-based violence. This Working Paper relates to the 2018 Initial Assessment report of the Multi-dimensional Country Review of Thailand (http://www.oecd.org/eco/surveys/multi-dimensional-review-thailand.htm)
Lara Fleischer; Adam Bogiatzis; Hidekatsu Asada; Vincent Koen. Making growth more inclusive in Thailand. 2018, 1 .
AMA StyleLara Fleischer, Adam Bogiatzis, Hidekatsu Asada, Vincent Koen. Making growth more inclusive in Thailand. . 2018; ():1.
Chicago/Turabian StyleLara Fleischer; Adam Bogiatzis; Hidekatsu Asada; Vincent Koen. 2018. "Making growth more inclusive in Thailand." , no. : 1.
Malaysia has sustained over four decades of rapid, inclusive growth, reducing its dependence on agriculture and commodity exports to become a more diversified, modern and open economy. GDP per capita is now higher than in a number of OECD economies, while poverty and income inequality have declined considerably. Growth has also been remarkably resilient in the face of external shocks. Going forward, the Malaysian government's 11th Malaysia Plan (2016-20) emphasises the need for greater inclusiveness. Continued, gradual fiscal consolidation is a key policy priority, building on earlier energy and food subsidy rationalisation and on the introduction of a goods and services tax. So is continued prudent monetary and financial policy. Further reforms are needed for Malaysia to become a high-income nation around 2020: productivity growth needs to be reinvigorated through various structural reforms while growth needs to become more inclusive. Succès et défis économiques de la Malaisie La Malaisie a connu plus de quatre décennies de croissance rapide et inclusive, réduisant sa dépendance à l'égard de l'agriculture et des exportations de matières premières, pour devenir une économie plus diversifiée, moderne et ouverte. Le PIB par tête est désormais plus élevé que dans un certain nombre d'économies de l'OCDE, alors que la pauvreté et les inégalités de revenu ont considérablement reculé. La croissance s'est également montrée résiliente face aux chocs externes. Pour l'avenir, le 11ème plan du gouvernement malaisien (2016-2020) souligne l'importance d'une plus grande inclusion. La poursuite graduelle de la consolidation budgétaire est une priorité majeure, dans la foulée de la rationalisation des subventions énergétiques et alimentaires et de l'introduction d'une taxe sur les biens et services. La continuation d'une politique monétaire et financière prudente en est une autre. La Malaisie doit réformer plus avant pour devenir un pays à haut revenu autour de 2020: diverses réform
Vincent Koen; Hidekatsu Asada; Stewart Nixon; Mohamed Rizwan Habeeb Rahuman; A.Z. Mohd Arif. Malaysia’s economic success story and challenges. 2017, 1 .
AMA StyleVincent Koen, Hidekatsu Asada, Stewart Nixon, Mohamed Rizwan Habeeb Rahuman, A.Z. Mohd Arif. Malaysia’s economic success story and challenges. . 2017; ():1.
Chicago/Turabian StyleVincent Koen; Hidekatsu Asada; Stewart Nixon; Mohamed Rizwan Habeeb Rahuman; A.Z. Mohd Arif. 2017. "Malaysia’s economic success story and challenges." , no. : 1.
Malaysia has followed a comparatively equitable development path, largely eliminating absolute poverty and greatly reduced ethnic inequality. Income and wealth inequality have gradually declined since the mid-1970s. With the “people economy” at the centre of Malaysia’s ambition to become a high-income country by 2020, the focus is shifting to the challenges of relative poverty and achieving sustainable improvements in individual and societal well-being through inclusive growth. This shift would be aided by reforms in several policy areas where Malaysia may compare favourably within its region but less so relative to OECD countries. This includes reforms to increase access to quality education, provide comprehensive social protection, raise the labour force participation of women and older persons, maintain universal access to quality public healthcare, improve pension system sustainability and adequacy and move towards a tax and transfer system that does more for inclusiveness. Promouvoir une croissance inclusive en Malaisie La Malaisie a suivi une trajectoire de développement comparativement équitable, éliminant largement la pauvreté absolue et réduisant considérablement l’inégalité ethnique. Les inégalités de revenu et de patrimoine ont diminué graduellement depuis le milieu des années 70. « L’ économie du peuple » étant au coeur de l’ambition de la Malaisie de devenir un pays à revenu élevé d’ici 2020, les efforts portent de plus en plus sur le défi de la pauvreté relative et sur la réalisation de progrès durables en matière de bien-être individuel et sociétal grâce à une croissance inclusive. Cette transition serait favorisée par des réformes dans plusieurs domaines où la Malaisie se compare favorablement par rapport aux pays de la région mais moins bien par rapport aux pays de l’OCDE. Cela inclut des réformes pour un meilleur accès à une éducation de qualité, une protection sociale plus complète, une participation plus grande des femmes et des personnes plus âg
Stewart Nixon; Hidekatsu Asada; Vincent Koen. Fostering inclusive growth in Malaysia. 2017, 1 .
AMA StyleStewart Nixon, Hidekatsu Asada, Vincent Koen. Fostering inclusive growth in Malaysia. . 2017; ():1.
Chicago/Turabian StyleStewart Nixon; Hidekatsu Asada; Vincent Koen. 2017. "Fostering inclusive growth in Malaysia." , no. : 1.
Productivity growth is essential to providing sustainable increases in living standards. Malaysia has reached a development stage where growth needs to be driven more by productivity gains than the sheer accumulation of capital and labour inputs. The 11th Malaysia Plan (2016-20) sets an ambitious labour productivity growth target of 3.7% per year, well above the 2% average growth recorded from 2011 to 2015. Co-ordinated structural reforms will be necessary to achieve the productivity improvements needed to attain high-income country status. Areas where reforms would deliver the greatest boost to productivity include increasing the quality of education and skills training, spurring innovation, adopting information technology more widely, fostering a well-functioning competition policy framework, improving the functioning of the labour market and the regulatory framework for small and medium-sized enterprises, fostering regional integration and raising public sector productivity. Renforcer la productivité en Malaisie Une amélioration soutenue du niveau de vie de la population n’est pas possible sans croissance de la productivité. Au stade de développement actuel de la Malaisie, la croissance doit reposer davantage sur des gains de productivité que sur l'accumulation des facteurs de production. Le 11ème Plan Malaisie (2016-2020) a fixé un objectif ambitieux de croissance de la productivité de 3,7% par an, bien au-dessus du taux de 2% enregistré entre 2011 et 2015. Des réformes structurelles coordonnées seront nécessaires pour réaliser les gains de productivité requis pour accéder au statut de pays à revenu élevé. Les réformes qui auraient le plus d’impact à cet égard touchent à la qualité de l’éducation et de la formation, à l’innovation, à un recours plus large aux technologies de l’information, à la politique de concurrence, au fonctionnement du marché du travail, au cadre réglementaire pour les petites et moyennes entreprises, à l’intégration régionale et à la produ
Hidekatsu Asada; Stewart Nixon; Vincent Koen. Boosting productivity in Malaysia. 2017, 1 .
AMA StyleHidekatsu Asada, Stewart Nixon, Vincent Koen. Boosting productivity in Malaysia. . 2017; ():1.
Chicago/Turabian StyleHidekatsu Asada; Stewart Nixon; Vincent Koen. 2017. "Boosting productivity in Malaysia." , no. : 1.