Series: Contributions to Economic Analysis

[![ ](]( The book series Contributions to Economic Analysis was established by North-Holland under the editorship of Jan Tinbergen in 1952. Its purpose ever since has been to stimulate the international exchange of scientific information and to reinforce international cooperation by publishing original research in applied economics. The editors and authors of the series represent a broad range of geographic and subject matter interests in economics, and the series includes books from all areas of macroeconomics and microeconomics. These books have in common a quantitative approach to economic problems of practical importance. Authors of monographs are encouraged to submit their manuscripts to one of the editors for consideration, preferably as soon as a complete draft is available. Authors have the opportunity to revise a manuscript after it is accepted for publication. Manuscripts will be evaluated initially by the editors. Those found suitable for the series in terms of scope and importance of subject matter, length (usually 300-450 pages in manuscript), and style of presentation will then be appraised by an expert referee. The principal criterion is whether the research is of sufficient quality and originality to be a contribution to economic analysis. Organizers of collective volumes should send a proposal to one of the editors as early as possible in the planning of a project. The proposal should include a preliminary list of articles and a tentative schedule for production. These will be evaluated by the editors in terms of coherence and significance of subject matter, reputation of the contributors, and timeliness of the production schedule. Organizers of the volume must arrange for each article to be carefully refereed as part of the production process. The criterion for inclusion of an article must be the same as for a monograph, namely, q

Most recent volume

Volume 287. The Asian Economy and Asian Money

Published: 1st September 2008 Editors: Manoranjan Dutta
The Asian Economy with one common Asian Money will be a frontier topic for a study in supranational macroeconomics. If the Europeanization of Europe has become a historic reality, the Asianization of Asia cannot be far behind. The paradigm of the European Union (EU) has become a learning model for other continents, especially Asia. In Asia, the process was initiated following the Asian financial crisis of 1997-98, when several newly industrialized Asian economies suffered negative rates of growth of gross domestic product (GDP). The three (Japan, China, and Korea) plus five (Singapore, Malaysia, Thailand, Indonesia, and the Philippines) came together to became the core members of a new regional group. Their annual meetings became an institutional feature of Asian economic cooperation and regional economic integration. In 2003, the group expanded to become the four (Japan, China, Korea, and India) plus 10 model (the original five plus Myanmar, Cambodia, Laos, Brunei Darussalam, and Viet Nam). Be it noted that the Western Asian countries from Turkey to Afghanistan have never been included in studies of Asian economies and the present study shall follow the same format. However, several South Asian countries in the Indian sub-continent and Mongolia in Central Asia will be included in the proposed study (see Chapters 2, 3, and 6). The 4 plus 10 model has recently made two important commitments. First, at a recent annual summit, their preference for an Asian Free Trade Area (FTA), based on the model of the European Union FTA, has been noted. Second, in 2006, the leaders of China, Japan, and Korea made a public announcement for the need for a common Asian Money. Differences between the traditional FTAs and the EU-FTA will be reviewed. The EU is one integrated economy with total free flow of trade within the EU and a common trade policy vis-à-vis the rest of the world. The EU is one member in the World Trade Organization (WTO), with one vote. I s

Additional volumes

Volume 286. The Economics of Innovation

Published: 30th May 2008

Volume 285. Simulating an Ageing Population

Published: 1st April 2008 Editors: Anders Klevmarken Bjorn Lindgren

Volume 284. Fighting Corruption in the Public Sector

Published: 30th April 2007 Editors: Jorge Martinez-Vazquez Javier Arze del Granado Jameson Boex

Volume 283. European Union and the Euro Revolution

Published: 5th March 2007 Editors: Manoranjan Dutta

Volume 282. The Political Economy of Antitrust

Published: 2nd March 2007 Editors: Vivek Ghosal Johan Stennek

Volume 281. Population Change, Labor Markets and Sustainable Growth

Published: 8th January 2007 Editors: Andrew Mason Mitoshi Yamaguchi

Volume 280. Cognitive Economics: New Trends

Published: 1st December 2006 Editors: Richard Topol Bernard Walliser

Volume 279. Designing the New European Union

Published: 4th December 2006 Editors: Helge Berger Thomas Moutos

Volume 278. Explaining Growth in the Middle East

Published: 14th November 2006 Editors: Jeffrey Nugent Hashem Pesaran

Volume 277. Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels

Published: 25th April 2006 Editors: Carl Chiarella Reiner Franke Peter Flaschel Willi Semmler

Volume 276. Nonlinear Time Series Analysis of Business Cycles

Published: 8th February 2006 Editors: Costas Milas Philip Rothman Dick van Dijk

Volume 275. Structural Models of Wage and Employment Dynamics

Published: 10th May 2006 Editors: Henning Bunzel Bent Christensen George Neumann Jean-Marc Robin

Volume 274. Panel Data Econometrics

Published: 15th May 2006 Editors: Badi Baltagi

Volume 273. Modelling the Riskiness in Country Risk Ratings

Published: 23rd April 2005 Editors: Suhejla Hoti Michael McAleer

Volume 272. Patent Activity and Technical Change in US Industries

Published: 8th April 2005 Editors: Michael McAleer Daniel Slottje

Volume 271. The Economics of Time Use

Published: 11th December 2004 Editors: D.S. Hamermesh G.A. Pfann

Volume 270. The Political Economy of Policy Reform

Published: 11th December 2004 Editors: D. Nelson

Volume 269. New Directions in Macromodelling

Published: 24th December 2004 Editors: A. Welfe

Volume 268. Taxing the Hard-to-Tax: Lessons from Theory and Practice

Published: 9th December 2004 Editors: J. Alm Jorge Martinez-Vazquez Suzanne V F Wallace

Volume 267. Environmental Policy, International Trade and Factor Markets

Published: 8th December 2004 Editors: C.C. Chao E. Siu-Hung Yu

Volume 266. Urban Dynamics and Growth: Advances in Urban Economics

Published: 8th December 2004 Editors: R. Capello P. Nijkamp

Volume 265. Tourism, Trade and National Welfare

Published: 2nd December 2004 Editors: Hazari SGRO

Volume 264. Unfunded Pension Systems: Ageing and Migration

Published: 1st September 2004 Editors: S. Uebelmesser

Volume 263. Fostering Productivity

Published: 8th May 2004 Editors: L. Klomp S. Raes T. Roelandt G.M.M. Gelauff

Volume 262. Economic Growth and Social Welfare

Published: 18th March 2004 Editors: M. Clarke Sardar M.N. Islam

Volume 261. Functional Structure and Approximation in Econometrics

Published: 2nd July 2004 Editors: William A. Barnett J.M. Binner

Volume 260. Economics of Art and Culture

Published: 18th December 2003 Editors: Victor A. Ginsburgh

Volume 259. Coalitions in Oligopolies

Published: 8th October 2003 Editors: M. Brown S.-H. Chiang

Volume 258. Applied Financial Econometrics in E-Commerce

Published: 19th August 2003 Editors: Sardar M.N. Islam K.B. Oh

Volume 257. Dynamics of Endogenous Economic Growth

Published: 20th November 2003 Editors: G. Schmidt

Volume 256. Dynamic GEN Equilibrium Modelling for Forecasting and Policya Practical Guide and Documentation of Monash

Published: 4th November 2002 Editors: Author Unknown

Volume 255. Measuring Market Power

Published: 20th November 2002 Editors: Author Unknown

Volume 254. Technological Change and the Dynamics of Industries

Published: 31st October 2002 Editors: M. van Dijk

Volume 253. An Input-Output Analysis of European Integration

Published: 14th June 2002 Editors: A. Hoen

Volume 252. Optimal Growth Economics

Published: 7th December 2001 Editors: Sardar M.N. Islam

Volume 251. MIMICing Tax Policies and the Labour Market

Published: 1st August 2001 Editors: R.A. de Mooij A.G.H. Nibbelink A. Nieuwenhuis J.J. Graafland

Volume 250. Explaining Unemployment

Published: 19th April 2001 Editors: D.A.G Draper

Volume 249. Regional Science Perspectives in Economic Analysis

Published: 8th March 2001 Editors: M.L. Lahr R.E. Miller

Volume 248. Using Dynamic General Equilibrium Models for Policy Analysis

Published: 27th October 2000 Editors: S.E.H. Jensen L.H. Pedersen T.F. Rutherford Glenn Harrison

Volume 247. Microsimulation in Government Policy and Forecasting

Published: 31st July 2000 Editors: Anil Gupta V. Kapur

Volume 246. Environmental Taxation and the Double Dividend

Published: 19th July 2000 Editors: R.A. de Mooij

Volume 245. The Theory of Monetary Aggregation

Published: 30th June 2000 Editors: W.A. Barnett Apostolos Serletis

Volume 244. Panel Data Econometrics: Future Directions

Published: 27th April 2000 Editors: J. Krishnakumar E. Ronchetti

Volume 243. Panel Data and Structural Labour Market Models

Published: 2nd February 2000 Editors: H. Bunzel D.T. Mortensen B.J. Christensen N.M. Kiefer P. Jensen

Volume 242. Trade, Growth and Development

Published: 14th December 1999 Editors: G. Ranis L.K. Raut

Volume 241. The Creation and Analysis of Employer-Employee Matched Data

Published: 13th September 1999 Editors: Emily Piven J.R. Spletzer K. Troske J. Lane J. Theeuwes

Volume 240. The Role of the Academic Economist in Litigation Support

Published: 18th June 1999 Editors: Daniel Slottje

Volume 239. Competition Policies in Europe

Published: 12th May 1998 Editors: S. Martin

Volume 238. Government for the Future

Published: 14th May 1997 Editors: Å.E. Andersson B. Hårsman J.M. Quigley

Volume 237. Economics of the Arts

Published: 19th November 1996 Editors: P.-M. Menger Victor A. Ginsburgh

Volume 236. A Study of Economic Reform

Published: 27th September 1996 Editors: B. Silverstone A. Bollard R. Lattimore

Volume 235. The Peace Dividend

Published: 20th August 1996 Editors: N.P. Gleditsch O. Bjerkholt Å. Cappelen R.P. Smith J.P. Dunne

Volume 234. Agricultural Markets: Mechanisms, Failures and Regulations

Published: 5th June 1996 Editors: D. Martimort

Volume 233. International Productivity Differences

Published: 9th May 1996 Editors: K. Wagner B. van Ark

Volume 232. Microsimulation and Public Policy

Published: 22nd April 1996 Editors: A. Harding

Volume 231. International Comparisons of Prices, Output and Productivity

Published: 29th March 1996 Editors: J. Salazar-Carrillo D.S. Prasada Rao

Volume 230. The Common Agricultural Policy beyond the MacSharry Reform

Published: 24th March 1995 Editors: C. Folmer J. Tinbergen M.A. Keyzer M.D. Merbis H.J.J. Stolwijk P.J.J. Veenendaal

Volume 229. Fertility Dynamics

Published: 24th March 1995 Editors: A.C. Tasiran

Volume 228. Methods and Applications of Economic Dynamics

Published: 3rd February 1995 Editors: L. Schoonbeek E. Sterken S.K. Kuipers

Volume 226. Economics, Econometrics and The LINK

Published: 30th January 1995 Editors: M.J. Dutta

Economics of Crime

Published: 11th November 1994 Editors: E. Eide J. Aasness T. Skjerpen

Modelling Welfare State Reform

Published: 1st September 1994 Editors: G.M.M. Gelauff J.J. Graafland

Volume 224. European Economic Integration

Published: 3rd June 1994 Editors: M. Dewatripont Victor A. Ginsburgh

Volume 223. The Changing Distribution of Income in an Open U.S. Economy

Published: 22nd February 1994 Editors: J.H. Bergstrand T.F. Cosimano J.W. Houck R.G. Sheehan

Volume 222. Panel Data and Labour Market Dynamics

Published: 11th November 1993 Editors: H. Bunzel P. Jensen N. Westergård-Nielsen

Volume 221. Lifetime Income Distribution and Redistribution

Published: 14th October 1993 Editors: Ann Harding

Volume 220. Contingent Valuation

Published: 6th July 1993 Editors: J.A. Hausman

Volume 219. The Political Economy of Government Debt

Published: 14th July 1993 Editors: H.A.A. Verbon F.A.A.M. van Winden

Volume 218. Labor Market Contracts and Institutions

Published: 28th April 1993 Editors: J. Hartog J. Theeuwes

Volume 217. Essays in Index Number Theory

Published: 17th March 1993 Editors: W.E. Diewert A.O. Nakamura

Volume 216. Macroeconomic Modelling and Policy Implications

Published: 15th February 1993 Editors: S. Honkapohja M. Ingberg

Volume 215. Specialization and Economic Organization

Published: 10th February 1993 Editors: X. Yang Y.-K. Ng

Volume 214. Explaining Economic Growth

Published: 10th February 1993 Editors: A. Szirmai D. Pilat B. van Ark

Volume 214. The Market and the State in Economic Development in the 1990's

Published: 11th January 1993 Editors: A.A. Zini, Jr.

Volume 213. Labor Demand and Equilibrium Wage Formation

Published: 21st December 1992 Editors: J.C. van Ours G.A. Pfann G. Ridder

Volume 211. Empirical Measurement and Analysis of Productivity and Technological Change

Published: 26th November 1992 Editors: J.R. Norsworthy S.L. Jang

Volume 210. Economic Modeling in the Nordic Countries

Published: 5th November 1992 Editors: L. Bergman Ø. Olsen

Volume 209. Readings in Econometric Theory and Practice

Published: 22nd October 1992 Editors: W.E. Griffiths H. Lütkepohl M.E. Bock

Economic Aspects of Disability Behavior

Published: 8th October 1992 Editors: P.R. de Jong J.M. Aarts

Reviving Private Investment in Developing Countries

Published: 7th August 1992 Editors: A. Chhibber M. Dailami N. Shafik

Japanese Financial Market Research

Published: 20th December 1991 Editors: W.T. Ziemba W. Bailey Y. Hamao

The Reality of International Economic Policy Coordination

Published: 19th December 1991 Editors: H.J. Blommestein

Environmental Policy and the Economy

Published: 20th November 1991 Editors: F.J. Dietz J. van der Straaten F. van der Ploeg

Financial Regulation and Monetary Arrangements after 1992

Published: 15th November 1991 Editors: Michele Fratianni T.D. Willett C.G. Wihlborg

Economic Models, Estimation and Socioeconomic Systems

Published: 30th September 1991 Editors: T.K. Kaul J.K. Sengupta

The Art of Full Employment

Published: 17th September 1991 Editors: C. de Neubourg

Labour Unions and the Theory of International Trade

Published: 9th July 1991 Editors: M.C. Kemp N. van Long K. Shimomura

The Econometric Analysis of Non-Uniqueness in Rational Expectations Models

Published: 25th June 1991 Editors: L. Broze A. Szafarz

Agriculture, Growth and Redistribution of Income

Published: 25th June 1991 Editors: N.S.S. Narayana J. Tinbergen K.S. Parikh T.N. Srinivasan

Volume 200. Stochastic Models and Option Values

Published: 4th June 1991 Editors: D. Lund B. Øksendal

Volume 198. Measuring the Demand for Environmental Quality

Published: 21st February 1991 Editors: J.B. Braden C.D. Kolstad

Price Level Measurement

Published: 13th February 1991 Editors: W.E. Diewert

The International Monetary System and its Reform

Published: 16th November 1990 Editors: S. Dell

Multicriteria Evaluation in Physical Planning

Published: 30th October 1990 Editors: P. Nijkamp D.W. Jorgenson P. Rietveld H. Voogd

Measurement and Modelling in Economics

Published: 18th September 1990 Editors: G.D. Myles

Comparisons of Prices and Real Products in Latin America

Published: 18th September 1990 Editors: J. Salazar-Carrillo D.S. Prasada Rao

Volume 191. The Personal Income Tax

Published: 16th August 1990 Editors: S. Cnossen R. Bird

Economic Control Structures

Published: 26th June 1990 Editors: B. Martos D.W. Jorgenson

Panel Data and Labor Market Studies

Published: 29th May 1990 Editors: G. Ridder J. Theeuwes J. Hartog

Investment and Factor Demand

Published: 17th April 1990 Editors: P. Artus P.-A. Muet

Problems of the Mixed Economy

Published: 14th February 1990 Editors: H. Carlsson B. Larsson

Telecommunications Demand Modelling: An Integrated View

Published: 23rd January 1990 Editors: A. de Fontenay M.H. Shugard D.S. Sibley

The Structure of Earnings and the Measurement of Income Inequality in the U.S

Published: 30th October 1989 Editors: Daniel Slottje

The New Institutional Economics and Development

Published: 18th September 1989 Editors: M.K. Nabli Jeffrey Nugent

Taxation, Technology, and the User Cost of Capital

Published: 1st July 1989 Editors: E. Biørn

Volume 181. Dynamic Policy Games in Economics

Published: 1st May 1989 Editors: F. van der Ploeg A.J. de Zeeuw

The Convergence of International and Domestic Markets

Published: 1st April 1989 Editors: D.B. Audretsch L. Sleuwaegen H. Yamawaki

Volume 179. The Political Economy of Social Security

Published: 1st January 1989 Editors: B.A. Gustafsson N.A. Klevmarken

Unemployment, Labour Slack and Labour Market Accounting

Published: 1st November 1988 Editors: C. de Neubourg

Volume 175. A Basic Needs Policy Model

Published: 1st August 1988 Editors: A. Kouwenaar D.W. Jorgenson

Volume 174. The Agro-Technological System towards 2000

Published: 1st July 1988 Editors: G. Antonelli A. Quadrio Curzio

World Comparison of Incomes, Prices and Product

Published: 1st July 1988 Editors: J. Salazar-Carrillo D.S. Prasada Rao

Macroeconomic Modelling

Published: 1st June 1988 Editors: S.G. Hall S.G.B. Henry

Volume 159. Plans and Disequilibria in Centrally Planned Economies

Published: 1st May 1988 Editors: W. Charemza M. Gronicki

Productivity and U.S. Economic Growth

Published: 1st May 1988 Editors: Dale Jorgenson F.M. Gollop B. Fraumeni

Explaining the Growth of Government

Published: 1st May 1988 Editors: J.A. Lybeck M. Henrekson

A Study of Trade among Developing Countries, 1950-1980: An Appraisal of the Emerging Pattern

Published: 1st March 1988 Editors: H.C. Thomas

Volume 1. Changing Trade Patterns in Manufactured Goods: An Econometric Investigation

Published: 1st January 1988 Editors: B. Balassa L. Bauwens

Regional Labour Markets

Published: 1st December 1987 Editors: M.M. Fischer P. Nijkamp

The International Monetary System and its Reform

Published: 1st July 1987 Editors: S. Dell

A History of Econometrics

Published: 1st July 1987 Editors: R.J. Epstein

Volume 164. Macroeconomic Medium-Term Models in the Nordic Countries

Published: 1st July 1987 Editors: O. Bjerkholt J. Rosted

Volume 163. Macroeconomic Impacts of Energy Shocks

Published: 1st June 1987 Editors: H.G. Huntington B.G. Hickman J. Sweeney

Natural Gas Markets and Contracts

Published: 1st March 1987 Editors: R. Golombek M. Hoel J. Vislie

Volume v. Filtering and Control of Macroeconomic Systems

Published: 1st January 1987 Editors: M.J.M. Rao J. Tinbergen

Volume 166. Economic Shocks and Structural Adjustments: Turkey after 1973

Published: 1st January 1987 Editors: P.J. Conway

The Computation and Modelling of Economic Equilibria

Published: 1st January 1987 Editors: A.J.J. Talman G. van der Laan

Volume 156. The Perception of Poverty

Published: 1st February 1986 Editors: A.J.M. Hagenaars

Volume 1. Rivalrous Consonance: A Theory of General Oligopolistic Equilibrium

Published: 1st January 1986 Editors: R.E. Kuenne

Industrial Price Formation

Published: 1st January 1986 Editors: C. Zeelenberg

Volume v. Stabilization Policy in France and the Federal Republic of Germany

Published: 1st January 1985 Editors: G. de Ménil U. Westphal

Volume 1. Production, Multi-Sectoral Growth and Planning

Published: 1st January 1985 Editors: F.R. Førsund S. Longva M. Hoel

Volume 1. Consumer Durable Choice and the Demand for Electricity

Published: 1st January 1985 Editors: J.A. Dubin

Volume 1. Price Expectations in Rising Inflation

Published: 1st January 1984 Editors: I. Visco

The Economic Analysis of the Japanese Firm

Published: 1st December 1983 Editors: M. Aoki

Information Systems for Integrated Regional Planning

Published: 1st December 1983 Editors: P. Rietveld P. Nijkamp

Social Insurance

Published: 1st January 1983 Editors: L. Söderström

Volume 1. Global International Economic Models

Published: 1st January 1983 Editors: B.G. Hickman

Volume v. Social Choice and Welfare

Published: 1st January 1983 Editors: P.K. Pattanaik M. Salles

On the Interaction between State and Private Sector

Published: 1st January 1983 Editors: F.A.A.M. van Winden

Systems under Indirect Observations

Published: 1st January 1982 Editors: K.G. Jöreskog H. Wold

Workers and Incentives

Published: 1st January 1982 Editors: M.R. Sertel

Essays in the Economics of Renewable Resources

Published: 1st January 1982 Editors: L.J. Mirman D.F. Spulber

Volume 2. Production Economics: A Dual Approach to Theory and Applications

Published: 1st January 1978 Editors: Melvyn Fuss Daniel McFadden

Volume 1. The Fix-Point Approach to Interdependent Systems

Published: 1st January 1981 Editors: H. Wold

Contemporary Political Economy

Published: 1st January 1981 Editors: D.A. Hibbs H. Fassbender

Health, Economics and Health Economics

Published: 1st January 1981 Editors: J. van der Gaag M. Perlman

Qualitative Analysis and Econometric Estimation of Continuous Time Dynamic Models

Published: 1st January 1981 Editors: G. Gandolfo

Applied Stochastic Control in Econometrics and Management Science

Published: 1st January 1980 Editors: P.S. Kleindorfer A. Bensoussan C.S. Tapiero

Tax Incidence: A General Equilibrium Approach

Published: 1st January 1980 Editors: W.J. Keller

Turnpike Optimality in Input-Output Systems

Published: 1st January 1979 Editors: J. Tsukui Y. Murakami

MOIRA: Model of International Relations in Agriculture

Published: 1st January 1979 Editors: H. Linnemann J. De Hoogh H.D.J. Van Heemst M.A. Keyzer