Regime-Switching Business Cycle Synchronization in the ASEAN 6
By: 4 0 16 [, ] | [, ] |
Contributor(s): DLSU Business & economic Review. 27:2 (January 2018). pp 75-87 5 6 [] |
Language: Unknown language code Summary language: Unknown language code Original language: Unknown language code Series: ; 46Edition: Description: Content type: text Media type: unmediated Carrier type: volumeISBN: ISSN: 2Other title: 6 []Uniform titles: | | Subject(s): -- 2 -- 0 -- -- | -- 2 -- 0 -- 6 -- | 2 0 -- | -- -- 20 -- | | -- -- BUSINESS CYCLE SYNCHRONIZATION;ASEAN -- REGIME -SWITCHING MODEL;PRINCIPAL COMPONENT -- -- | -- -- -- 20 -- --Genre/Form: -- 2 -- Additional physical formats: DDC classification: | LOC classification: | | 2Other classification:| Item type | Current location | Home library | Collection | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|---|---|
| Book | PLM | PLM Periodicals Section | Periodicals | LG221.M35 (Browse shelf) | Available | PER1920T |
Browsing PLM Shelves , Shelving location: Periodicals Section , Collection code: Periodicals Close shelf browser
Abstract: This paper investigates patterns of business cycle synchronization and analyzes the underlying common factors in six ASEAN countries, that is, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Two important findings result. First, according to resulting regime probabilities calculated from the Markov-switching model, Singapore is not synchronized with other ASEAN members, while Indonesia, Malaysia, and the Philippines are highly correlated. Second, according to the principal component analysis, we find that the world's import value growth, the output growth of China, and the capital flow of Singapore are most likely to account for 88% of variation in probabilities of the ASEAN being in the contraction regime. 56
5
5
There are no comments for this item.