Rebalancing Growth in Asia.

This book analyzes the importance for Asia of rebalancing its growth model toward domestic demand, and what such a rebalancing would entail. The nature of the challenge differs across regional economies, as some, like China, need to raise private consumption while others, like the ASEAN economies, n...

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Bibliographic Details
Main Author: Arora, Vivek B.
Other Authors: Cardarelli, R. (Roberto)
Format: eBook
Language:English
Published: Washington : International Monetary Fund, 2011.
Subjects:
Online Access:Click for online access
Table of Contents:
  • Cover Page; Title Page; Copyright Page; Content Page; Figures; Tables; Boxes; Foreword; Acknowledgments; Introduction and Overview; Part I REBALANCING GROWTH IN ASIA: SOME GENERAL THEMES; 1 Rebalancing Growth in Asia; Introduction; Assessing Asia's Export Dependence; Figure 1.1. Illustrative Example of the Effect of Vertical Integration on Trade; Figure 1.2. Share of Export Value Added in GDP, 2000 and 2005; Figure 1.3. Export Dependence and Exposure; Figure 1.4. Average Contribution to Real GDP Growth, 2001-07; Figure 1.5. Share of Export Value Added in GDP, 2000 and 2008.
  • Figure 1.6. Share of Medium and High-Tech Goods in Total ExportsFigure 1.7. Impact on Value Added of Actual Decline in U.S. Private Final Demand, 2008-09; What Does Rebalancing Mean for Asian Economies?; Figure 1.8. Private Consumption; Figure 1.9. Consumption Relative to Steady-State, 2004-08; Figure 1.10. Cumulative Change in Ratio of Private Consumption-to-GDP (2000-07): Estimated Contribution of Disposable Income and Saving Rate; Figure 1.11. Investment; Figure 1.12. Capital-to-Output and Investment-to-Output Ratio Relative to Steady-State Level in 2008.
  • Figure 1.13. Model-Based Determinants of Deviation of Investment-to-GDP Ratio from Sample MeanAre There Any Supply-Side Imbalances?; Figure 1.14. Excess Share of Industry in GDP, 2000 and 2008; Figure 1.15. Model-Based Excess Share of Industry in GDP, 2000 and 2008; Figure 1.16. Asia: Productivity Levels, 1987-2008; Impact of Rebalancing: Illustrative Model Simulations; Figure 1.17. Output (Main Scenario Projections); Figure 1.18. Investment-to-GDP Ratio (Main Scenario Projections); Figure 1.19. Consumption-to-GDP Ratio (Main Scenario Projections).
  • Figure 1.20. Current Account Balance-to-GDP Ratio (Main Scenario Projections)Figure 1.21. Exports (Main Scenario Projections); Figure 1.22. Imports (Main Scenario Projections); Box 1.1. The Asia GIMF Model and Policy Assumptions; Conclusion; Technical Appendix; References; 2 Corporate Saving and Rebalancing in Asia; Introduction; Figure 2.1. Change in Saving since 2000; Figure 2.2. Difference in Mean Corporate Saving, Post-2000 versus Pre-2000; Figure 2.3. Corporate Saving in Emerging Asia, 1993-2007; Does Higher Corporate Saving Affect Household Behavior?
  • Figure 2.4. Private and Corporate Saving, 1979-2007Figure 2.5. Household and Corporate Saving, 1979-2007; Figure 2.6. Corporate Saving Offset by Households, 1979-2007; Figure 2.7. Households: Consumption and Disposable Property Income, 1979-2007; Figure 2.8. Marginal Propensities to Consume, 1979-2007; What Influences Corporate Saving in Asia?; Figure 2.9. Corporate Governance Quality, 2008; Figure 2.10. The Effect of Corporate Governance Reform on Corporate Saving; Figure 2.11. Financial Reform, 2005; Figure 2.12. The Effect of Financial Liberalization on Corporate Saving Post-2000.