THE STATE-AND-SPEED OF THE ECONOMIES IN ASEAN-5: A GEOMETRY ANALYSIS

The many unique findings on economic growth studies by the flying geese analysis (Kwan, 1994), the convergence-catching-up analysis (Lim and McAleer, 2003), and competitive index rankings by the World Economic Forum (WEF) and the International Institute for Management Development (IMD), all provide...

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Bibliographic Details
Published in:Singapore economic review 2006-12, Vol.51 (3), p.303-324
Main Authors: KWEK, KIAN-TENG, CHO, CHO-WAI
Format: Article
Language:English
Subjects:
Analysis
ASEAN
Economic conditions
Economic growth
Economic policy
Economic size
Economic theory
Geometry
Macroeconomics
Studies
World economy
Citations: Items that this one cites
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Summary:The many unique findings on economic growth studies by the flying geese analysis (Kwan, 1994), the convergence-catching-up analysis (Lim and McAleer, 2003), and competitive index rankings by the World Economic Forum (WEF) and the International Institute for Management Development (IMD), all provide country rankings and comparisons only on one plane, i.e., to determine which country is doing best, better or worst. But we introduce a new measurement based on geometric planes that enables us to measure the "state and speed of the economy", to determine the actual "economic size" due to policy actions, and to evaluate macroeconomic policies' effectiveness and coherence in producing real economic growth.
ISSN:0217-5908
1793-6837
DOI:10.1142/S0217590806002457