Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109631
Authors: 
Dai, Yuwen
Year of Publication: 
2014
Series/Report no.: 
ADB Working Paper Series on Regional Economic Integration 139
Abstract: 
In this research project, we attempt to examine the behavior of business cycles in Asia in order to deepen our understanding of and expand research on this topic. Given the importance of the People’s Republic of China, Japan, and the United States in the region economy, we use these three economies as our "reference countries" to study the synchronization of their business cycles with other Asian economies of interest. In particular, we investigate the potential determinants underlying the synchronization of their business cycles, including trade linkages, financial linkages, and policy similarities. From our panel data analysis, we find empirical evidence of the impacts of trade channels, financial channels, and policy channels in determining the degree of their business cycle synchronization.
Subjects: 
business cycle synchronization
macro interdependence
trade integration
financial integration
interest rate
fiscal balance
policy coordination
Asia
NIE-4
ASEAN-4
PRC
Japan
US
panel data analysis
JEL: 
E30
E32
F00
F15
F36
F42
F44
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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