Gavin Peebles

Economic Growth and Development in Singapore

In this book Gavin Peebles and Peter Wilson offer an historical overview of the rapid growth and development of the Singapore economy, detailing the institutions and policies which have made this growth possible. They examine the current state of the economy and its future in terms of prospective growth and structural change.

Endogenous money in China: Evidence and insights on recent policies

Abstract Using a broad range of macroeconomic variables, including five definitions of money, this paper concludes that money is endogenous in China. This in turn suggests that the authorities in China find it difficult to control monetary growth through indirect levers. This recognition on the part of the authorities, has resulted in a shift in policy actions to control recent inflation.

Money Demand in Singapore Revisited: A Comment with Implications

This comment reviews the meaning and significance of the econometric results relating to money demand in Singapore in a paper by Daquila and Phua (1993). I argue that there are a number of confusions and faults in their analysis that could account for their results being incompatible with earlier studies and with monetary events in Singapore. An explanation of their perplexing findings is offered, simple re-estimates are made to justify this point and then some implications for economic methodology and research are offered.