Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/6896
Title: | Effects of the Asian Economic Crisis on Singapore and Its Policy Responses: A General Equilibrium Analysis | Contributor(s): | Siriwardana, Mahinda (author); Iddamalgoda, Anoma (author) | Publication Date: | 2003 | Handle Link: | https://hdl.handle.net/1959.11/6896 | Abstract: | The declining regional demand for Singapore's exports due to contraction in the crisis economies, slower growth in real investment, and loss of competitiveness in the face of competitive devaluations posed new challenges for Singapore which must adopt policies to combat the crisis. This paper examines the impact of the crisis on Singapore and the effects of proposed policies using the computable general equilibrium (CGE) modelling approach. We use two CGE models: a world model and a model of Singapore. First, the impact of the crisis is simulated using the GTAP (Global Trade Analysis Project) model. Then the effects of policy responses are examined using the Singapore model. In particular, we examine wage reduction, domestic demand stimulation, and exchange rate policies. | Publication Type: | Journal Article | Source of Publication: | UNEAC Asia Papers, v.6, p. 1-21 | Publisher: | University of New England | Place of Publication: | Australia | ISSN: | 1442-6420 | Fields of Research (FoR) 2008: | 140303 Economic Models and Forecasting | Socio-Economic Objective (SEO) 2008: | 910199 Macroeconomics not elsewhere classified | Peer Reviewed: | Yes | HERDC Category Description: | C1 Refereed Article in a Scholarly Journal | Publisher/associated links: | http://www.une.edu.au/asiacentre/PDF/Mahinda.pdf http://www.une.edu.au/asiacentre/papers.php |
---|---|
Appears in Collections: | Journal Article |
Files in This Item:
File | Description | Size | Format |
---|
Page view(s)
916
checked on Mar 7, 2023
Items in Research UNE are protected by copyright, with all rights reserved, unless otherwise indicated.