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This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...
Persistent link: https://www.econbiz.de/10014404003
This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and …
Persistent link: https://www.econbiz.de/10014400559
impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the …, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the … Philippines and Thailand), there were considerable differences both in terms of instantaneous impact of the crisis and in terms of …
Persistent link: https://www.econbiz.de/10012667433
The paper characterizes trade exposure and regional integration in six ASEAN economies during 1997-2008. For this, the paper uses the 2000 Asian Input Output Tables which are extrapolated using National Income Accounts and COMTRADE data. On the demand side, the paper shows that the level and...
Persistent link: https://www.econbiz.de/10014402867
Persistent link: https://www.econbiz.de/10010466923
Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of...
Persistent link: https://www.econbiz.de/10012022016
In the mid-2000s, the production of hearing aids shifted almost entirely to 3D printing. Using difference-in-differences and synthetic control methods, this paper examines the effects of this shift on trade flows. The analysis finds that trade increased roughly 60 percent following the...
Persistent link: https://www.econbiz.de/10012121158
Persistent link: https://www.econbiz.de/10011552246
Persistent link: https://www.econbiz.de/10011553209
Persistent link: https://www.econbiz.de/10011554422