Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109528
Authors: 
Rana, Pradumna B.
Year of Publication: 
2007
Series/Report no.: 
ADB Working Paper Series on Regional Economic Integration 10
Abstract: 
This paper examines whether increasing trade intensity among East Asian countries has led to a synchronization of business cycles. It extends the work of Shin and Wang (2004) in two ways: by (i) improving the specification of their business cycle correlation equation, and (ii) extending the sample to cover the period after the Asian financial crisis. The study finds that intra-industry trade, rather than inter-industry trade, is the major factor explaining business cycle co-movements in East Asia, with important implications for the prospects for a single currency in the region.
Subjects: 
economic integration
trade intensity
intra-industry trade
business cycle synchronization
East Asia
JEL: 
F15
F42
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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