The Transmission of Productivity and Investment Shocks in the Asia Pacific Region
AbstractAn important aspect of macroeconomic interdependence in the Asia Pacific region is the adjustment of trade and current account balances in response to changes in saving and investment rates in individual economies. Greater trade flows, reliance on imported intermediate goods as well as more integrated capital markets imply that shifts in private or public saving and investment rates in an economy in the region can potentially have large impacts on other economies. This paper explores the quantitative nature of these linkages by focusing on a number of shocks within the context of a new dynamic multi-sector global model called the Asia-Pacific G-Cubed Model (AP-GCUBED). This model integrates sectoral adjustment with macroeconomic interdependence including explicit treatment of capital flows to explore the implications of a variety of productivity and investment shocks in the Asia Pacific Region.
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Bibliographic InfoPaper provided by Brookings Institution - Working Papers in its series Papers with number 129.
Length: 41 pages
Date of creation: 1996
Date of revision:
TRADE POLICY ; INVESTMENTS;
Other versions of this item:
- Warwick J. McKibbin, . "The Transmission of Productivity and Investment Shocks in the Asia Pacific Region," Discussion Papers 129, Brookings Institution International Economics.
- F10 - International Economics - - Trade - - - General
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
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