Though there are several books on the Singapore economy, none have focused on the time series-based investigations. This book tries to address that gap and attempts to add to what we know from studies in the descriptive tradition. It is a compendium of twenty of the author's academic studies on the Singapore economy which have appeared previously as journal papers, book chapters, and feature articles. The papers share a common methodology of social scientific enquiry viz., time series econometrics, and are divided into three parts: macroeconomy, business cycles and forecasting. Each part brings together empirical essays that deal with particular aspects of these related fields. The book will be of interest to economists, policy-makers and students seeking a quantitatively informed understanding of the Singapore economy.
Macroeconomy: Foreign Direct Investment in the Manufacturing Sector in Singapore; Singapore's Changing Economic Model; The Aggregate Consumption Puzzle in Singapore; The Impact of a Foreign Demand Shock on the Singapore Economy: Perspectives from Two Macroeconometric Models; Inflation, Exchange Rate and the Singapore Economy: A Policy Simulation; ASEAN Trade Cooperation: Singapore's Dilemma; Prospects for Enhanced Exchange Rate Cooperation in East Asia: Some Preliminary Findings from Generalized PPP Theory; Business Cycles: Business Cycles in Singapore: Stylized Facts for a Small Open Economy; Sources of Macroeconomic Fluctuations in Singapore: Evidence from a Structural VAR Model; Singapore Business Cycles: A Supply-Side Analysis; Analyzing and Forecasting Business Cycles in a Small Open Economy: A Dynamic Factor Model for Singapore; Sectoral, Industry and Employment Business Cycles in Singapore; Trade Cycles in a Re-export Economy: The Case of Singapore; Forecasting: Economic Forecasting in Singapore; Assessing the Performance of Professional Forecasters; Forecasting at the Econometric Studies Unit; Revisiting SARS: Impact on the Singapore Economy; A Leading Economic Index for Monitoring the Singapore Economy; Economic Leading Indicators for Tracking Singapore's Growth Cycle; Using Leading Indicators to Forecast the Singapore Electronics Industry.