Eliyathamby A. Selvanathan

This insightful book analyzes the impact of Foreign Direct Investment (FDI) in China as well as making valuable contributions to the theory of FDI more broadly. The authors provide empirical analysis of key factors including the location-specific determinants of FDI; the impact of FDI on domestic investment, income distribution, consumption and tourism; the relationship between FDI inflows and income inequality; causality between FDI, domestic investment and economic growth; and causality between FDI and tourism. The study concludes that FDI plays a crucial and positive role in the economic development of China. Rather than crowding out domestic investment, FDI is found to stimulate economic growth by complementing it. China's Economic Miracle will be warmly welcomed by potential investors who are interested in investing in China. It will be highly useful for academics and postgraduate students with an interest in FDI or the Chinese economy. With strong policy-oriented analyses and discussions on implications the book will also prove invaluable to policymakers in various government and private sectors who have trade-links with China.

This book provides answers to analysts’ need to know about elasticities of demand, with a unique two-track approach. The first gives a self-contained, non-technical rendition, accessible to those with limited background. The second track contains the underlying theory, derivations, and some more advanced material. Subsequent chapters deal with the demand for food and other groups of goods, the system-wide approach, and the demand side of EDM and CGE models. This convenient source book will be valuable to students, consultants, business economists and government policy analysts. Clarity of exposition and economic intuition is emphasised throughout. “In this remarkable book, the authors bridge the gap between sophisticated consumer demand theory and the practical world of economic modeling. Their guidance will be invaluable to anyone aiming to shed light on the economic impact of public policies.” Thomas W. Hertel, Distinguished Professor and Executive Director, Center for Global Trade Analysis, Purdue University “The elasticity of demand is a key parameter in economics - whether for micro studies or large-scale models. This book illuminates on short-cut approaches for measuring this elasticity and provides derivations and applications. It is a valuable resource for both students and seasoned economists.” Paul Burke, Professor and Head, Arndt-Corden Department of Economics and Deputy Director, Crawford School of Public Policy, ANU College of Law, Governance and Policy, Australian National University “This book endears itself to me with its honest approach to determining elasticities for use in policy analysis. In Chapter 1, it tells us about the rule of one half: if you can’t do any better, set own price elasticities for household demands for broadly defined commodities at -0.5. Then through ten chapters, Ken Clements and his co-authors demonstrate that you can do better by combining economic theory with relatively straightforward econometrics. The book deserves wide readership among applied economic modellers who want to take their field forward by supplementing judgement with statistical evidence.” Peter Dixon, AO, Professor, Centre of Policy Studies, Victoria University

This book analyzes consumption patterns in Asian countries that are at different stages of economic development and highlights the similarities and disparities of consumption patterns across countries using a system-wide framework. In a departure from previous studies in the literature which mainly present only single-country analysis, this book aims to provide a comprehensive analysis of cross-country consumption patterns considering several Asian countries, using the most recent consumption expenditure data for aggregate commodity groups. In comparing consumption patterns across countries, the book use unit-free measurements such as budget shares and changes in logarithms of price and quantities, thus avoiding problems associated with exchange rate conversions. The book also analyses the dynamic behaviour in the consumption patterns of the Asian consumers. The findings of this book will be invaluable to researchers in development economics as well as policymakers in the formulation of fiscal policy or other types of economic control.

The book deserves wide readership among applied economic modellers who want to take their field forward by supplementing judgement with statistical evidence.”

South Asia’s developing nations have been enjoying moderate to high growth over the past decade before the global pandemic of 2020 began. This new edition provides an up-to-date guide to the growing markets in South Asia in the post-COVID-19 period. It offers an analysis of the changes and consequences of high sustainable growth, investigating what has been achieved in the region over the last 2001-2023 from a macroeconomic viewpoint, identifying new challenges to 2030, and the end of the UNSDGs period. Part I of the textbook presents an analysis of how South Asia is rated against Southeast and East Asia in recent decades in economic and social terms. Part II focuses on South Asia’s economic development over 2000 and the bearly 2020s. It demonstrates that globalization enhanced global trade and that trade further increased the region’s prosperity up to 2020. Part III identifies major governance issues that were responsible for South Asia’s social and economic underperformance due to the COVID-19 pandemic. This new edition includes a new chapter about AI and South Asia in the future. The textbook advocates for a shift in focus from policy reform per se to the more challenging task of implementing institutional reform that will invigorate the capability of the political leadership to bring about rapid, sustained and poverty-reducing growth in South Asia in post-Covid era. The book also considers climate change and the environment, and it analyses the impact of these changes and developments on the economic health and social conditions in South Asia. The concluding chapter demonstrates current political unrest in three South Asian nations, Sri Lanka, Pakistan, and Bangladesh, termed the South Asian Spring. Offering an analysis of the changes and consequences of high sustainable growth in South Asia, this textbook will be useful for students and researchers in Development Economics, Business Economics, Development Studies, and Asian Studies.

South Asia’s developing nations have been enjoying moderate to high growth over the past decade before the global pandemic of 2020 began. This new edition provides an up-to-date guide to the growing markets in South Asia in the post-COVID-19 period. It offers an analysis of the changes and consequences of high sustainable growth, investigating what has been achieved in the region over the last 2001-2023 from a macroeconomic viewpoint, identifying new challenges to 2030, and the end of the UNSDGs period. Part I of the textbook presents an analysis of how South Asia is rated against Southeast and East Asia in recent decades in economic and social terms. Part II focuses on South Asia’s economic development over 2000 and the bearly 2020s. It demonstrates that globalization enhanced global trade and that trade further increased the region’s prosperity up to 2020. Part III identifies major governance issues that were responsible for South Asia’s social and economic underperformance due to the COVID-19 pandemic. This new edition includes a new chapter about AI and South Asia in the future. The textbook advocates for a shift in focus from policy reform per se to the more challenging task of implementing institutional reform that will invigorate the capability of the political leadership to bring about rapid, sustained and poverty-reducing growth in South Asia in post-Covid era. The book also considers climate change and the environment, and it analyses the impact of these changes and developments on the economic health and social conditions in South Asia. The concluding chapter demonstrates current political unrest in three South Asian nations, Sri Lanka, Pakistan, and Bangladesh, termed the South Asian Spring. Offering an analysis of the changes and consequences of high sustainable growth in South Asia, this textbook will be useful for students and researchers in Development Economics, Business Economics, Development Studies, and Asian Studies.

This book analyzes consumption patterns in Asian countries that are at different stages of economic development and highlights the similarities and disparities of consumption patterns across countries using a system-wide framework. In a departure from previous studies in the literature which mainly present only single-country analysis, this book aims to provide a comprehensive analysis of cross-country consumption patterns considering several Asian countries, using the most recent consumption expenditure data for aggregate commodity groups. In comparing consumption patterns across countries, the book use unit-free measurements such as budget shares and changes in logarithms of price and quantities, thus avoiding problems associated with exchange rate conversions. The book also analyses the dynamic behaviour in the consumption patterns of the Asian consumers. The findings of this book will be invaluable to researchers in development economics as well as policymakers in the formulation of fiscal policy or other types of economic control.

This book analyses the household demand for consumer goods using a diverse database, consisting of 45 developed and developing countries. Household consumption patterns have undergone dramatic changes due to rapid economic growth, increasing household income and changing demographics. Using the most recent data available and the latest econometric techniques, the authors model demand for 12 different commodities such as food, alcohol and tobacco, housing, health, transport, health communication, and recreation and provide insightful comparisons of consumption patterns in developed and developing countries. The analysis presented in this book highlights valuable policy insights for planning government budgetary allocations and implementing policies towards an enhanced standard of living for people. The book also provides some important guidance for researchers interested in the theory and empirical application of the analysis of consumer demand.

This book analyses the household demand for consumer goods using a diverse database, consisting of 45 developed and developing countries. Household consumption patterns have undergone dramatic changes due to rapid economic growth, increasing household income and changing demographics. Using the most recent data available and the latest econometric techniques, the authors model demand for 12 different commodities such as food, alcohol and tobacco, housing, health, transport, health communication, and recreation and provide insightful comparisons of consumption patterns in developed and developing countries. The analysis presented in this book highlights valuable policy insights for planning government budgetary allocations and implementing policies towards an enhanced standard of living for people. The book also provides some important guidance for researchers interested in the theory and empirical application of the analysis of consumer demand.

This book is the first to present an extensive analysis of the international evidence for the similarities of the consumption patterns of such controversial commodities as alcohol, tobacco and marijuana, using recent data from a number of developed and less developed countries over a number of years. The book also presents analysis of the consumption patterns of food in general and soft drinks in particular. In addition the book provides a detailed analysis of the consumption restrictions and regulations in place in various countries in relation to issues associated with taxation, availability, and marketing of these products. The book's focus is on rigorous empirical analysis and presents the estimates of demand elasticities of these five commodities across different countries. Such estimates are key inputs for government economic models that are used for the purpose of social policy analysis. Furthermore, the book presents hypothesis testing results on various demand theory hypotheses such as demand homogeneity and Slutsky symmetry.

Business Statistics teaches you skills that you can use throughout your career. It illustrates how vital statistical methods and tools are for today's managers and analysts, and how to apply them to business problems using real-world data. Statistical data analysis is the backbone of sound business decision making, and finding the right tool to analyse a particular business problem is the key. The book shows you how to analyse data by focusing on the kind of problem you face, the type of data involved and the appropriate technique for solving the problem. It also includes data-driven examples, exercises and cases that cover how marketing managers, financial analysts, accountants, economists and others use statistics.

This book is the first to present an extensive analysis of the international evidence for the similarities of the consumption patterns of such controversial commodities as alcohol, tobacco and marijuana, using recent data from a number of developed and less developed countries over a number of years. The book also presents analysis of the consumption patterns of food in general and soft drinks in particular. In addition the book provides a detailed analysis of the consumption restrictions and regulations in place in various countries in relation to issues associated with taxation, availability, and marketing of these products. The book's focus is on rigorous empirical analysis and presents the estimates of demand elasticities of these five commodities across different countries. Such estimates are key inputs for government economic models that are used for the purpose of social policy analysis. Furthermore, the book presents hypothesis testing results on various demand theory hypotheses such as demand homogeneity and Slutsky symmetry.