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The issue of decoupling is controversial. On the back of Asia's sustained high growth, the hypothesis that the region …'s business cycles would become increasingly independent of the global trend gained considerable attention. Asia was nonetheless … of macroeconomic interdependence between emerging East Asia and Group of 3 economies. First, the progress of regional …
Persistent link: https://www.econbiz.de/10011581854
developing Asia's exports and growth. As a result, developing Asian countries are increasingly looking to the People's Republic … trade with the PRC can become an engine of growth for developing Asia. To do so, we examine the structure of PRC's trade … with developing Asia, in particular the relative shares of parts and components versus final goods in its imports from the …
Persistent link: https://www.econbiz.de/10003899253
In this research project, we attempt to examine the behavior of business cycles in Asia in order to deepen our …
Persistent link: https://www.econbiz.de/10011281409
This paper reviews trends in East Asian regionalism in the areas of trade and investment, money and finance, and infrastructure. It presents various measures of trade and financial integration. An important finding of the paper is that increasing trade and financial integration in the region is...
Persistent link: https://www.econbiz.de/10011281500
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 …
Persistent link: https://www.econbiz.de/10011283453
In this research project, we attempt to examine the behavior of business cycles in Asia in order to deepen our …
Persistent link: https://www.econbiz.de/10010507560
In this research project, we attempt to examine the behavior of business cycles in Asia in order to deepen our …
Persistent link: https://www.econbiz.de/10011096824
We study trade integration among 15 selected Asian and Oceanic economies using factor models. The principal component approach is employed to extract the common factor that drives trade integration from bilateral trade integration series. It is found that the estimated common trade integration...
Persistent link: https://www.econbiz.de/10012718130
This paper makes an exploratory empirical investigation into the relationship between the net private capital flows and economic growth using a panel dataset from emerging Asian countries viz South Korea, Indonesia, Malaysia, Thailand and the Philippines over the period from 1980 to 2001....
Persistent link: https://www.econbiz.de/10014026737
The paper assesses how close Asian countries are to an Optimal Currency Area in terms of business cycle synchronization, with a focus on supply shock asymmetry. Based on a Structural VAR model, the importance of symmetric and asymmetric supply shocks is teasted for all ASEAN+3 countries. In...
Persistent link: https://www.econbiz.de/10013213759