English, Article edition: TRADE INTENSITY AND BUSINESS CYCLE SYNCHRONIZATION: THE CASE OF EAST ASIAN COUNTRIES PRADUMNA B. RANA

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Bookmark: http://trove.nla.gov.au/version/132057
Physical Description
  • article
Language
  • English

Edition details

Title
  • TRADE INTENSITY AND BUSINESS CYCLE SYNCHRONIZATION: THE CASE OF EAST ASIAN COUNTRIES
Author
  • PRADUMNA B. RANA
Physical Description
  • article
Notes
  • This paper examines whether increasing trade intensities among East Asian countries have led to a synchronization of business cycles. It extends the work of Shin and Wang (2004) in two ways: by improving the specification of their business cycle correlation equation and by extending the sample to cover the post-crisis period. The study finds that intra-industry trade, rather than inter-industry trade, is the major factor in explaining business cycle co-movements in East Asia. This result has important implications for the prospects of introducing a single currency in the region.
  • Economic integration, trade intensity, intra-industry trade, business cycle synchronization, East Asia
  • RePEc:wsi:serxxx:v:53:y:2008:i:02:p:279-292
Language
  • English
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