The Singapore Economy : An Econometric Perspective book cover
1st Edition

The Singapore Economy
An Econometric Perspective

ISBN 9780415480314
Published September 13, 2011 by Routledge
184 Pages

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Book Description

Singapore's phenomenal transformation from Third World to First World status has been of great interest to economists around the world yet there has been little quantitative research done on its economy and institutions. This innovative new research monograph fills the lacunae by presenting the Singapore economy through a macroeconometric model and laying the foundations for further research.

Using formal econometric analysis and novel modelling techniques, Abeysinghe and Choy offer rare insights into how the Singapore economy works. Each of the major chapters discusses the implications of the empirical findings for current policy and an entire chapter has been devoted to macroeconomic policy simulations.

This book is a unique introduction to the Singapore economy and would be of interest to econometric modellers and policy makers in Singapore as well as advanced undergraduates and graduate researchers interested in modelling small open economies.

Table of Contents

1. Introduction  2. The Aggregate Consumption Function  3. Modelling Investment Expenditures  4. The Trade Sector  5. The Labour Market  6. The Sectorial Block  7. Ancillaries and Identities  8. Multiplier Analysis  9. Policy Simulations.  Appendix A: Variables and Data Sources.  Appendix B: Listing of Equations and Variables

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Tilak Abeysinghe has been the director/coordinator of the Econometric Studies Unit (ESU) of the Department of Economics of the National University of Singapore since the early 1990s. Under the ESU, he has made significant contributions to forecasting and policy analysis of the Singapore economy. He has published papers on a wide range of topics that includes contributions to theoretical and applied econometrics and articles in Journal of Econometrics, Journal of Forecasting, International Journal of Forecasting, Economics Letters, and NBER series. His teaching areas are primarily in econometrics and time series analysis.

Keen Meng Choy has been studying the Singapore economy since he worked as an economist at the Monetary Authority of Singapore from 1988 to 1992. His publications are in the areas of macroeconomics, business cycles and forecasting. He has acted as a consultant to the Singapore Department of Statistics, the Monetary Authority of Singapore and IE Singapore. At Nanyang Technological University where he now teaches, he continues to issue economic prognostications on the Singapore.