emerging countries, namely, those in Asia and Latin America. This study first documents that Asian economies are characterized …. First, the first three differences are mainly explained by a higher persistence of trend productivity shocks in Asia than in … Asia than in Latin America. We further provide data on policy regime changes and labor markets in both regions to explain …

In this paper, we investigate the degree of real economic interdependence between emerging Asia and major industrial … countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of …, the reverse is also true. Output shocks from emerging Asia (and the People's Republic of China [PRC]) have a significant …