Asian Economic Papers is sponsored by the Center for Sustainable Development at Columbia University, United States; the Korea Institute for International Economic Policy, South Korea; the Jeffrey Cheah Institute on Southeast Asia at Sunway University, Malaysia; the Economic Research Institute for ASEAN and East Asia, Indonesia; and Antai College of Economics and Management at Shanghai Jiao Tong University, China. AEP’s articles focus on rigorous analysis of key economic issues of a particular Asian economy or of the broader Asian region, and offer creative solutions to these Asian economic issues.