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Article
Publication date: 5 May 2015

Nuruzzaman Arsyad

This paper aims to seek to find answers to three questions. First, is there any possibility of long-term cointegration between East and Southeast Asian equity markets? If so, how…

Abstract

Purpose

This paper aims to seek to find answers to three questions. First, is there any possibility of long-term cointegration between East and Southeast Asian equity markets? If so, how many cointegrating equations are there? Second, what are the short-term causal relationships between equity markets in East and Southeast Asia? Third, what is the East Asia’s most influential equity market toward their Southeast counterparts, and vice versa?

Design/methodology/approach

This study uses Johansen's (1988) cointegration method to test long-run relationships among East and Southeast Asian equity markets. With regards to short-run causal relationships, this study uses Granger-causality test as well as the forecast variance decomposition method.

Findings

Johansen test proves that there is cointegration between East and Southeast Asian equity markets, but the integration process is not complete. Cointegrating vector also provides evidence that member countries of ASEAN+3 respond differently to external shocks. With regards to short-run causal direction, this study finds that Japan Granger-causes all equity markets in Southeast Asia, while Singapore and Vietnam Granger-cause all equity markets in East Asia. These results imply that Japan is the market with most linkages in Southeast Asia, while Singapore and Vietnam are the markets with most linkages to East Asia. Furthermore, forecast variance decomposition reveals that Japan is the East Asia’s most influential equity markets, while Singapore is the most influential equity market in Southeast Asia. This study suggests that policymakers in East and Southeast Asian countries to synchronize the capital market standards and regulations as well as to reduce the barriers for capital mobility to spur the regional equity market integration.

Research limitations/implications

Increasing integration of East and Southeast Asian capital markets forces policymakers in ASEAN+3 countries to synchronize monetary policies, as it has been found that regionally integrated capital markets reduce the degree of independent monetary policy (Logue et al., 1976). It is therefore important for policymakers in East and Southeast Asian countries to assess the possibility of stock market integration within this region to anticipate the future risks associated with economic integration as well as to build collective regional institutions (Wang, 2004). Click and Plummer (2005) also argued that integrated stock markets is more efficient than nationally segmented equity markets, and the efficiency of Asian capital markets has been questioned in particular after the 1997 Asian financial crises. Yet, the empirical evidence on the extent of financial integration among ASEAN+3 member countries has been limited and inconclusive. This study is therefore an attempt to investigate the recent development of ASEAN+3 equity markets integration.

Practical implications

This study focuses its attention on the existence and the extent of financial integration in East and Southeast Asia region, and it provides evidence that equity market integration in ASEAN+3 is far from complete, and for that reason, there is a need for policymakers in ASEAN+3 member countries to synchronize their standards and regulations. Furthermore, the policymakers in East and Southeast Asia can gain benefit from this study, as it provides the evidence that ASEAN+3 member countries respond differently to policy shocks, which may hinder the development of regional financial integration as well as the policy effectiveness of region-wide authority in ASEAN+3.

Originality/value

This research is different from previous studies, as it puts the regional financial integration within the context of ASEAN+3 frameworks. Unlike previous research that considers East and Southeast Asian countries as an individual entity, this research considers East and Southeast Asia into two different blocks, following Tourk (2004) who documented that negotiation process for ASEAN+3 financial integration is conducted in sub-regional level (ASEAN vs East Asia), rather than national level (country per country basis). Second, this study covers the period after the 1997 Asian financial crisis. As suggested in Wang (2014), that the degree of stock market integration tends to change around the periods marked by financial crises, the updated study on Asian financial integration in the aftermath of 1997 financial crises is important to document the development of regional financial integration.

Details

Journal of Financial Economic Policy, vol. 7 no. 2
Type: Research Article
ISSN: 1757-6385

Keywords

Article
Publication date: 9 April 2018

Margaret A. Beneville and Chieh Li

There is a notable dearth of interventions that have been specifically designed for Asian English Language Learner (ELL) students, and the existing research on ELL students often…

Abstract

Purpose

There is a notable dearth of interventions that have been specifically designed for Asian English Language Learner (ELL) students, and the existing research on ELL students often lacks population validity and sample diversity. In response to this need, this paper aims to review current research on literacy interventions for East/Southeast Asian ELLs and provide practical recommendations for educators teaching literacy skills to this population.

Design/methodology/approach

To identify studies for inclusion in this review, a systematic literature search was conducted of peer-reviewed studies and dissertations were published between 2001 and 2016. Articles were included in the authors’ review, if those described a literacy intervention where the sample was entirely East and/or Southeast Asian ELLs, or, if the sample included other groups, the study provided an analysis of the intervention’s effectiveness specifically for the East or Southeast Asian ELLs in the study. Both quantitative and qualitative studies were included.

Findings

The authors’ search yielded seven studies. The authors found three main contributors to effective literacy instruction for this population: culturally relevant instruction, family involvement and encouraging first language (L1) development to facilitate language and literacy in English. Results indicated that interventions that consider a student’s cultural style (i.e. preference toward a teacher-centered classroom) or included cultural familiar themes/texts were found to be more effective. In addition, strategies that encouraged the development of L1, such as the use of dual-language books, explicitly teaching contrastive analysis and providing the same book to be read at home and a school were all correlated with greater literacy gains. Finally, facilitating home-school communication seemed to contribute to the efficacy of several of the interventions.

Research limitations/implications

This paper reveals the need to expand the current knowledge base on effective literacy instruction and intervention for East/Southeast Asian ELL students, especially research on population validity, given the specific needs of this growing population. This review is limited by the small number of relevant studies and the fact that not all East/Southeast Asian languages or ethnic groups were represented. There is still a great need for future research to determine what methods or combination of factors are effective with East/Southeast Asian ELLs of various ages and needs.

Practical implications

The findings from this paper have generated practical recommendations for educators teaching literacy skills to East/Southeast Asian ELL students, such as: tailor literacy instruction to be culturally relevant, design interventions around student’s preferred learning style, encourage parent/family involvement, provide bilingual instruction and bilingual reading materials and provide parents with books and information about the literacy curriculum.

Social implications

This paper also reveals the need to expand the current knowledge base on effective literacy instruction and intervention for East/Southeast Asian ELL students, especially research on population validity, given the specific needs of this growing population.

Originality/value

Based on an extensive literature search, this is the first paper to review and summarize the research on literacy interventions for East/Southeast Asian ELLs over the past 15 years. This paper provides valuable recommendations to educators and calls for more research on English literacy acquisition specific to this population.

Details

Journal for Multicultural Education, vol. 12 no. 1
Type: Research Article
ISSN: 2053-535X

Keywords

Article
Publication date: 11 March 2005

Peter J. Buckley, Jeremy Clegg, Adam R. Cross and Hui Tan

This paper explores the impact of China’s growing prominence in global and regional foreign direct investment (FDI) fl ows on the Southeast Asian countries as investment…

1012

Abstract

This paper explores the impact of China’s growing prominence in global and regional foreign direct investment (FDI) fl ows on the Southeast Asian countries as investment locations. Providing internal social and economic cohesion is maintained, China is likely to exert a greater pull on regional FDI after WTO accession. To benefit from China’s success, the Southeast Asian countries will need to replace deteriorating individual locational advantages relative to China with a superior regional one. The ASEAN Free Trade Agreement or the Asian Investment Area or both are likely to be important policy solutions.

Details

Multinational Business Review, vol. 13 no. 1
Type: Research Article
ISSN: 1525-383X

Keywords

Article
Publication date: 9 May 2023

Priyanka Sinha, Subaveerapandiyan A. and Manoj Kumar Sinha

This study aims to understand the research data management (RDM) services offered by academic libraries in South Asian and Southeast Asian countries. This study aims to evaluate…

Abstract

Purpose

This study aims to understand the research data management (RDM) services offered by academic libraries in South Asian and Southeast Asian countries. This study aims to evaluate the library and information science professionals’ required RDM skills and the challenges faced with providing RDM services.

Design/methodology/approach

The research methodology for this study used a survey method with purposive sampling. Data were collected through online structured questionnaires, which were used to examine the current state of RDM services offered in academic libraries in South Asia and Southeast Asia.

Findings

South Asian and Southeast Asian region major types of RDM services provided were data repository, data management training, maintaining Web resources, data study and analysis, and promoting awareness of reusable data sources. Little attention was given to advisory services on data analysis/mining/visualization and supporting reproducibility and workflow transparency. The results indicated that most respondents agreed that metadata standards and data management planning skills were required for RDM services in South Asia and Southeast Asia.

Originality/value

This study is significant because it offers a comprehensive assessment of ongoing RDM services in academic libraries of South Asia and Southeast Asia. Most current literature focuses on best practices in developed nations. This study highlights the need for more competent and dedicated academic staff for effective RDM services. Library professionals can use this study to identify the gaps in RDM services and suggest formative measures to overcome such challenges.

Details

Global Knowledge, Memory and Communication, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2514-9342

Keywords

Article
Publication date: 1 August 1998

Christopher M. Dent

This paper analyses the current and potential impact of Southeast Asia’s regionalism on the European Union. It begins by giving an overview of the different manifestations that…

4081

Abstract

This paper analyses the current and potential impact of Southeast Asia’s regionalism on the European Union. It begins by giving an overview of the different manifestations that this regionalism takes (ASEAN and AFTA, sub‐regional economic zones, APEC) and comments on the overlapping linkages between them. The EU’s stake in Southeast Asia is then discussed in the context of broadening the EU’s interregional relations with East Asia. A detailed evaluation of the opportunities and threats that regionalist developments in Southeast Asia pose to the EU is presented thereafter. It is argued that the balance of effects will vary less for “insider” EU firms, which have established operations within ASEAN, and more for “outsider” EU firms. The potential benefits the former anticipate from Southeast Asian regionalism are considerable.

Details

European Business Review, vol. 98 no. 4
Type: Research Article
ISSN: 0955-534X

Keywords

Article
Publication date: 22 December 2020

Andrew Ebekozien, Abdul-Rashid Abdul-Aziz and Mastura Jaafar

Studies showed that policy influences housing provision. The review of these policies in the Southeast Asia's is possibly not yet adequate because of recent gap in housing…

Abstract

Purpose

Studies showed that policy influences housing provision. The review of these policies in the Southeast Asia's is possibly not yet adequate because of recent gap in housing demand-supply across the region. This review evaluates the state policy in low-cost housing (LCH) provision in Southeast Asian developing countries reported in published studies.

Design/methodology/approach

An electronic search (ScienceDirect, Scopus, Web of Science, and Google Scholar) was conducted using the following search terms: “Low-Cost Housing policy in Southeast Asia.” Reference list of identified studies was scanned to identify more studies. Studies published between 1991 and 2020 that focused either on the region or country within the region were selected. An independent reviewer extracted data from the studies using a standardised form and 27 studies were included in this review.

Findings

LCH developing countries experience, encumbrances and measures to mitigate LCH demand-supply gap in Southeast Asia were the issues addressed from the reviewed. Findings from the studies indicate that the level of lax state policy and enforcement of LCH varies across nations.

Research limitations/implications

Findings and recommendations of this paper were based on systematically reviewed literature but does not compromise the robustness regarding state policy in low-cost housing provision in Southeast Asian developing countries. Thus, exploratory sequential mixed methods approach has been recommended as part of the implications for future research.

Practical implications

As part of the practical implications, this paper highlights the mechanism behind the success of Singapore LCH policy and transferability of the model to the developing countries within and outside the region, and open up the possibility to adopt these policies.

Originality/value

This study is probably the first systematic review on low-cost housing in Southeast Asia.

Details

Property Management, vol. 39 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 30 August 2022

Xiaoning Huang

This study investigates how working-age Asian immigrants' educational attainment and professional abilities when arriving in the United States have evolved over the past 4 decades…

Abstract

Purpose

This study investigates how working-age Asian immigrants' educational attainment and professional abilities when arriving in the United States have evolved over the past 4 decades and draws inferences on the impact of the US employment based visa policies.

Design/methodology/approach

Using data from the 1980, 1990 and 2000 census and American Community Survey for 2001 to 2019, the study adopts multivariate regression and regression discontinuity design to investigate the trends in educational and occupation selection among Asian immigrants and the association with policy changes in the H1B visa program.

Findings

The findings suggest that new Asian immigrants were more positively selected for education than non-Asian immigrants and US natives and this pattern of positive selection increased over time. Newly arrived South Asian and East Asian immigrants had the highest share of highly educated professionals than Southeast Asians and US-born persons. I infer that the enactment and changes in the H1-B program might have contributed to the changing patterns of the educational and occupational selection among East and South Asian Immigrants. The results also shed light on how Asian immigrants' skill selection might be related to the size of Asian diasporas in the US and sending countries' income, inequality and education level.

Originality/value

The story of changing the skill profile (educational and occupational profile) of newly arrived Asian immigrants during 1980–2019 can provide valuable policy implications. US immigration policies are routinely criticized for being inefficient and outdated. The economic prosperity of Asian countries over time also provides an excellent opportunity to test the theories pertaining to how sending countries' income, inequality and education level of the population are associated with Asian migrants' education and occupation when arriving in the US. This study can provide insightful perspectives for policymakers and business decision-makers to adapt to the changing demographics of Asian migrant workers. The most recent reports on Asian immigrants in the US highlighted the aggregated trends of migration flow and education. Still, none have provided a longitudinal and nuanced review of Asian immigrants' educational and occupational selection into the US.

Details

International Journal of Manpower, vol. 44 no. 3
Type: Research Article
ISSN: 0143-7720

Keywords

Article
Publication date: 31 December 2020

Rendi Prayuda, Tulus Warsito and Surwandono

The purpose of this paper is to study the factors that caused The Association of Southeast Asian Nations (ASEAN) security regime to be ineffective in saving transnational drug…

Abstract

Purpose

The purpose of this paper is to study the factors that caused The Association of Southeast Asian Nations (ASEAN) security regime to be ineffective in saving transnational drug smuggling, including the internalization of non-optimal values and norms of the ASEAN Drug-Free Declaration.

Design/methodology/approach

This study uses primary data and secondary data. Data analysis and observation are carried out simultaneously, where data are analyzed directly after it is obtained using descriptive analysis. Interactive data analysis is carried out at the initial step by collecting primary and secondary data. Data are analyzed inductively by drawing conclusions from data obtained from general views to specifics.

Findings

The development of ASEAN has led to the idea of “ASEAN Way,” namely, the ASEAN security forum to eliminate the use of force in maintaining relations between member countries through the dissemination of agreed values. Multilateral negotiations refer to the establishment of a negotiation regime at the ASEAN level that emphasizes the interests of ASEAN member countries in determining agreements relating to transnational drug crimes. There are several inhibiting factors in the negotiation process, namely, perception differences between ASEAN countries on the threat of drug smuggling in the Southeast Asia region and the differences of ASEAN leaders’ priorities and agenda.

Originality/value

The originality/authenticity of research is analyzing the factors that affect the ASEAN security system in transnational protection policies by using two models, namely, the international level negotiation model and one at the national level in the form of ratification of ASEAN international relations related to drug smuggling. At present, transnational crimes, especially drug smuggling, appear and pose a threat to national and international security. The object of this research is ASEAN international organizations in cases of transnational drug smuggling.

Details

foresight, vol. 23 no. 3
Type: Research Article
ISSN: 1463-6689

Keywords

Open Access
Article
Publication date: 28 February 2020

Subir Bairagi, Matty Demont, Marie Claire Custodio and Jhoanne Ynion

The purpose of this paper is to analyze geographic heterogeneity of consumer preferences for intrinsic quality attributes of rice in South and Southeast Asia and the drivers of…

3352

Abstract

Purpose

The purpose of this paper is to analyze geographic heterogeneity of consumer preferences for intrinsic quality attributes of rice in South and Southeast Asia and the drivers of demand for these attributes, with a particular focus on rice fragrance and the role of gender.

Design/methodology/approach

Stated-preference surveys were conducted with 4,231 urban and rural consumers in 37 cities across seven countries (Bangladesh, India, Cambodia, Indonesia, the Philippines, Thailand, and Vietnam) during 2013–2014 and analyzed through a rank-ordered logistic regression with incomplete ranking choice data.

Findings

Preferences for rice attributes are found to be significantly heterogeneous among consumers in South and Southeast Asia. Urban Thai consumers tend to prioritize appearance and cooking characteristics over taste and nutritional benefits, relative to all other surveyed consumers. In contrast with South Asian consumers, Southeast Asian consumers have largely adopted Thai preferences for rice texture and fragrance, a trend that was earlier coined “Jasminization.” We find that demand for rice fragrance is mainly driven by women, educated consumers, large families, families spending a lower share of their food expenditures on rice, and consumers in Southeast Asia (particularly the Philippines and Cambodia).

Originality/value

Little is known about geographic heterogeneity, drivers, and the role of gender in demand for rice fragrance. This paper fills these knowledge gaps. Our findings suggest that the more women are empowered in grocery decision-making, the more demand for aromatic rice is expected to rise. These insights can assist market-driven and gender-responsive rice breeding programs in simultaneously enhancing rice farmers' livelihoods and gender equity.

Details

British Food Journal, vol. 122 no. 11
Type: Research Article
ISSN: 0007-070X

Keywords

Book part
Publication date: 7 November 2022

Nicole Loring

Political corruption takes many forms across different countries and regions. The types of corruption that occur in American politics are drastically different from the…

Abstract

Political corruption takes many forms across different countries and regions. The types of corruption that occur in American politics are drastically different from the clientelism, nepotism, and corrupt electoral practices that are seen in the developing world. This chapter will analyze three distinct cases of political corruption in Southeast Asian politics: clientelism in Cambodia, nepotism in Thailand, and the 2021 coup d'état in Myanmar. All three cases highlight the unique challenges facing developing democracies and reveal that, while political corruption affects all countries to a degree, distinct regional and cultural differences produce different forms of corruption in Southeast Asia than in the United States.

Details

Scandal and Corruption in Congress
Type: Book
ISBN: 978-1-80117-120-5

Keywords

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