Wong, Chin-Yoong; Eng, Yoke-Kee; Habibullah, Muzafar Shah - In: China Economic Review 28 (2014) C, pp. 90-106
Should Asia feel anxious about China's expansion? We look for the answer through the Bayesian estimation of a two …-country New Keynesian model of production fragmentation covering ten Asian economies, including China. The estimates show that vis …-à-vis China, the developed Asia has a more fragmented production structure with higher domestic value-added embodied in …