English, Article edition: Comovements and Sectoral Interdependence: Evidence for Latin America, East Asia, and Europe By Norman Loayza; Humberto Lopez; Angel Ubide

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Bookmark: http://trove.nla.gov.au/version/77269
Physical Description
  • article
Language
  • English

Edition details

Title
  • Comovements and Sectoral Interdependence: Evidence for Latin America, East Asia, and Europe
Author
  • By Norman Loayza
  • Humberto Lopez
  • Angel Ubide
Physical Description
  • article
Notes
  • This paper analyzes common economic patterns across countries and economic sectors in Latin America, East Asia, and Europe for the period 1970–94 by means of an error-components model that decomposes real value-added growth in each country into common international effects, sector-specific effects, and country-specific effects. We find significant comovements in the European and East Asian samples. In the Latin American sample, however, we find country-specific components to be more important than common patterns. These results are robust to different sub-sample time spans and different sub-sample country groups. Copyright 2001, International Monetary Fund
  • RePEc:pal:imfstp:v:48:y:2001:i:2:p:7
  • This paper analyzes common economic patterns across countries and economic sectors in Latin America, East Asia, and Europe for the period 1970ñ94 by means of an error-components model that decomposes real value-added growth in each country into common international effects, sector-specific effects, and country-specific effects. We find significant comovements in the European and East Asian samples. In the Latin American sample, however, we find country-specific components to be more important than common patterns. These results are robust to different sub-sample time spans and different sub-sample country groups. Copyright 2001, International Monetary Fund
  • RePEc:imf:imfstp:v:48:y:2001:i:2:p:7
Language
  • English
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