Lee, Grace H.Y.; Azali, M. - Department of Econometrics and Business Statistics, … - 2009
each other.
Bayoumi and Eichengreen (1994) carried out an empirical study on East Asian countries to estimate
the … eight East Asian countries, namely ASEAN 5 – Indonesia, Malaysia, the
Philippines, Singapore and Thailand – and China ….
Table 1. Correlations of Structural Shocks among the East Asian Countries
Panel A: Supply Shocks (1960-
1997)
Panel C …