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...
Saved in:
| Main Author: | |
|---|---|
| Format: | Final Year Project Report |
| Language: | English |
| Published: |
UNIMAS
2009
|
| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/7076/10/Arunnan%20Bala%20Subramaniam%20ft.pdf http://ir.unimas.my/id/eprint/7076/ |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| 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 |
|---|