Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25147
Authors: 
Weber, Enzo
Year of Publication: 
2006
Series/Report no.: 
SFB 649 discussion paper 2006,064
Abstract: 
This paper embarks to analyse the role of exports and investment supposed to be major sources of economic growth in Asia Pacific. Therefore at first, the cointegration properties of exports, capital formation and GDP are examined in vector error correction models (VECMs). The results confirm the crucial role of exports and investment in the Asian growth dynamics. In a second stage, the structural shocks are identified by short- and long-run restrictions. These shocks, as well as the corresponding dynamic responses, are then correlated across all sample countries to provide insight into the depth of regional coherence. At last, the identified trends are explained by various macroeconomic variables.
Subjects: 
Economic Growth
Structural VECM
Export
Investment
Asia Pacific
JEL: 
O11
F15
C32
Document Type: 
Working Paper

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