Propagation of Economic Shocks from the United States, China, the European Union, and Japan to Selected Asian Economies: Does the Global Value Chain Matters?

• Main Authors: Ignatia Martha Hendrati, -, Unggul Heriqbaldi, -, Miguel Angel Esquivias, -, Bekti Setyorani, -, Ari Dwi Jayanti, -
• Format: Article PeerReviewed
• Language: English; English; Indonesian
• Published: EconJournals 2023
• Subjects: H Social Sciences; HB Economic Theory
• Online Access: https://repository.unair.ac.id/124257/1/1.3.UnggulH_similarity_Propagationof-Economic.pdf; https://repository.unair.ac.id/124257/2/1.3.UnggulH_Artikel_propagation.pdf; https://repository.unair.ac.id/124257/3/1.3.UnggulH_KualitasKaril103.pdf; https://repository.unair.ac.id/124257/; https://econjournals.com/index.php/ijeep/article/view/13789; https://doi.org/10.32479/ijeep.13789
• Institution: Universitas Airlangga

A panel vector autoregression (VAR) model is employed to estimate whether growth shocks from the United States (US), China, Japan, and the European Union (EU) can be transferred to selected Asian countries. We examine 1) the effect of shocks through five channels: international trade, monetary polic...