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dc.contributor.authorHughes Hallett, Andrewen_US
dc.contributor.authorRichter, Christianen_US
dc.date.accessioned2011-07-12en_US
dc.date.accessioned2011-12-15T12:27:13Z-
dc.date.available2011-12-15T12:27:13Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/53696-
dc.description.abstractThis paper tests the hypothesis that the links and leadership/dependency relationships between the People's Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use time-varying spectral methods to decompose the links between seven advanced Asian economies and the US. We find: (a) the links with the US have been weakening, while those within a bloc based on the PRC have strengthened; (b) that this is not new - it has been happening since the 1980s, but has been partly reversed by the recent surge in trade; (c) that there are two blocs within the Asian economic area: one based on Japan and the Republic of Korea and the other on the PRC and her satellites; (d) that product composition is responsible for this division (and for some movement between the blocs); and (e) that the links between the PRC and the US are rather complex, with the US able to shape the cycles elsewhere through her control of monetary conditions, but the PRC able to control the size of the cycles at home and (to some extent) abroad.en_US
dc.language.isoengen_US
dc.publisherAsian Development Bank Institute Tokyoen_US
dc.relation.ispartofseriesADBI working paper series 292en_US
dc.subject.jelC22en_US
dc.subject.jelC29en_US
dc.subject.jelC49en_US
dc.subject.jelF43en_US
dc.subject.jelO49en_US
dc.subject.ddc330en_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwIndustrialisierungen_US
dc.subject.stwChinaen_US
dc.subject.stwKonjunkturzusammenhangen_US
dc.subject.stwAsienen_US
dc.subject.stwGroßmachten_US
dc.subject.stwUSAen_US
dc.titleTrans-pacific economic relations and US-China business cycles: Convergence within Asia versus US economic leadershipen_US
dc.typeWorking Paperen_US
dc.identifier.ppn663994209en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ADBI Working Paper Series, Asian Development Bank Institute

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