EXAMINING THE EXISTENCE OF CO2 EMISSION PER CAPITA CONVERGENCE IN EAST ASIA

Kenichi SHIMAMOTO

Hirao School of Management, Konan University, Nishinomiya, Japan
Correspondence details: Dr. Kenichi Shimamoto Hirao School of Management, Konan University, 8-33 Takamatsu-cho,  Nishinomiya, Hyogo, Japan 663-8204

kenichi@center.konan-u.ac.jp

Abstract

The ‘flying geese’ model of industrial upgrading depicts the income convergence or economic development convergence in East Asia. However, how does this convergence of economic development effect the environment? The surge in the consumption of fossil fuel is causing a large increase in emission of CO2. Global warming affected by CO2 emission poses as a serious threat to East Asian countries with large coastal areas exposed to the rise in sea level. This paper examines CO2 emission per capita to investigate the existence of environmental convergence in East Asian countries and predicts future distribution using deviations, interquartile range, kernel densities distribution, time series approach, β convergence analysis and the Markov chain approach. As a result, no meaningful evidence of convergence was found in the historical evaluation and a non-compressed ergodic distribution was found in the future prediction for CO2 emission.

Keywords: environmental convergence, East Asia, CO2

JEL classification: Q53, Q56, R10

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OUTPUT, GROWTH, AND CONVERGENCE IN A GREATIVE REGION: AN ANALYSIS OF SOME MEASUREMENT ISSUES

Amitrajeet A. BATABYAL

Department of Economics, Rochester Institute of Technology, 92 Lomb Memorial Drive, Rochester, NY 14623-5604, USA.

aabgsh@rit.edu

Abstract

We study some measurement issues that arise when analyzing the long run behavior of the  jth creative region’s time t log output per creative class member (yj(t)) when this region is part of an aggregate economy of j=1,…N creative regions. We focus first (second) on absolute (relative) convergence. In the absolute (relative) convergence case, the N creative regions are similar (dissimilar) in that they all have the same (different) balanced growth path (BGP) level of log output per creative class member denoted by yBGP(yjBGP) In the absolute convergence case, we analyze how to estimate the speed of convergence parameter (σ) and then discuss the relationship between the variance of yj(t) and that of yj(0) In the relative convergence case, we study the error associated with estimating σ using the methodology of the absolute convergence case. Finally, suppose yjBGP= a + bXj where Xj is an explanatory variable such as creative capital and a and b are positive constants. Here, we study how to estimate b from our knowledge of the coefficients of a related cross-region growth regression.

Keywords: Convergence, Creative Capital, Economic Growth, Measurement, Output

JEL classification: R11, C18

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MOVING REGIONAL ECONOMIC POLICY MODERNIZATION AHEAD: SYSTEMS BASIS FOR ORGANIZATIONAL AND DEBLOCKING MECHANISMS IN PRESENT-DAY UKRAINE

Igor DUNAYEV

PhD in PA, associate professor, post-doctoral fellow, Kharkiv regional institute of public administration of the National academy of public administration by the President of Ukraine

Igor.dunayev@gmail.com

Abstract

The paper objective is to provide rationale for the systems basis for organizational and deblocking mechanisms of a discrete regional modernization process. Basing on methodology of systems analysis, the paper offers an author’s conceptualization of a systemic regional economic policy modernization in the present-day Ukraine. The author’s original contribution is his profound idea of the modernization process being discrete, non-linear, and following a changeable trajectory. These properties of the system have influenced considerably the interpretation and revaluation of the current state of the modernization process and its “tension lines”. Starting out from the properties of “system material” and the author’s general concept of the regional economic policy modernization in Ukraine, the paper identifies two actual mechanisms for ensuring stability of a desired modernization trajectory – a mechanism of modernization process organization, and a mechanism deblocking the process of modernization. For each of them, the reasons for existence and “tension lines” are determined and rationalized. Finally, an important conclusion is drawn that the proposed logic of analyzing the mechanisms to support regional modernization can be applied both in Ukraine and in other counties, providing a way to purposefully affect the procedure and structure of governance mechanisms in accordance with the set priorities.

Keywords: regional economic policy, systems approach, mechanisms, Ukrainian modernization

JEL classification: O38, R58, R50

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