Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25120
Authors: 
Weber, Enzo
Year of Publication: 
2006
Series/Report no.: 
SFB 649 discussion paper 2006,039
Abstract: 
This paper addresses the question of macroeconomic integration in the Asian Pacific region. Economically, the analysis is based on the notions of stochastic long-run convergence and business cycle coherence. The econometric procedure consists of tests for cointegration, the examination of vector error correction models, several variants of common cycle tests and forecast error variance decompositions. Results in favour of cyclical synchrony can be partly established, and are even exceeded by the broad evidence for equilibrium relations. In these domains, several leading countries are identified.
Subjects: 
Real Convergence
Cointegration
Common Cycles
Asia Pacific
JEL: 
E32
F15
C32
Document Type: 
Working Paper

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