The transmission mechanism of business cycles among asean-5, China, Japan and South Korea
This study aims to examine the business cycles transmissions among ASEAN+3 countries which became increasingly integrated via market-driven trade and investments.An autoregressive VAR model is used to inspect the business cycles causal linkages.The results indicate ASEA...
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Format: | Final Year Project Report |
Language: | English |
Published: |
UNIMAS
2009
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Subjects: | |
Online Access: | http://ir.unimas.my/id/eprint/7076/10/Arunnan%20Bala%20Subramaniam%20ft.pdf http://ir.unimas.my/id/eprint/7076/ |
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Institution: | Universiti Malaysia Sarawak |
Language: | English |
Summary: | This study aims to examine the business cycles transmissions among ASEAN+3 countries which became increasingly integrated via market-driven trade and investments.An autoregressive VAR model is used to
inspect the business cycles causal linkages.The results indicate ASEAN-5 have significant influence of business cycles among one and another. The results show that ASEAN-5 with China has leading business cycles transmission vice versa followed by ASEAN-5 with South Korea and finally ASEAN-5 with Japan.It establishes bidirectional causal interplays upon the business cycles of ASEAN+3 countries to confirm there is
transmissions of shocks between these economies. Therefore, this study suggests integration mechanism is prominent for these economies to establish intra
-regional mutual demand and supply to reduce
dependence on extra-regional dominant powers |
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