Business Cycle Correlations in Asia-Pacific
AbstractIn this paper business cycle correlations between countries in the Asia-Pacific region are examined. A number of authors have suggested that trade intensity between pairs of countries increases business cycle synchronisation, though theoretically it is not clear that this should be the case. In this paper trade intensity and a number of other macroeconomic and structural variables are used to try and explain synchronisation. Our findings suggest that trade does not explain correlations in the Asia-Pacific region.
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Bibliographic InfoPaper provided by Hong Kong Institute for Monetary Research in its series Working Papers with number 042003.
Length: 16 pages
Date of creation: Feb 2003
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