Taiwan: an emerging hub for the East Asian regional economy

Article Abstract:

Taiwan enjoys the strategic position of becoming a potential center for commerce and information exchange in Asia and the Pacific. While its global and regional networks are already well-entrenched, it continues to shape its policies with the end in view of becoming an Asia-Pacific Regional Operations Center. Its vision of transforming itself into Asia's economic center is evident in its efforts in such areas as manufacturing, transportation, financial services, communications and media as well as foreign investments.

Taiwan, Economic policy, Asia, East Asia, Regional economics

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Agricultural prices, the international economy, and development in Kenya, 1964-1988: a time series analysis

Article Abstract:

The relationship between prices of agricultural goods, the international economy and economic development in Kenya was studied using different theoretical views. A quantitative analysis of data indicate the positive effect of advantageous prices on the total agricultural, industrial and economic output. Coffee production was favorable for agriculture but not for the entire economy. Conversely, finished imports favored the industrial sector but was a disadvantage to agriculture and the entire economy.

Analysis, Economic development, Agriculture, Kenya, Agricultural economics

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Consumer behavior and changes in the prices of monetary aggregates

Article Abstract:

The sensitivity of the cost-of-living to changes in the prices of commodities and monetary aggregates is examined. Likelihood ratio tests and maximum likelihood estimations are conducted to examine the effects of these changes on the cost-of-living. Results show that price- and income-induced changes substantially affected consumer tastes on the cost-of-living in the US from 1947 to 1975.

Research, Consumer behavior, Cost and standard of living, Cost of living, Consumers

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