Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25191
Authors: 
Weber, Enzo
Year of Publication: 
2007
Series/Report no.: 
SFB 649 discussion paper 2007,019
Abstract: 
The subject of this paper tackles questions of macroeconomic integration of the South-East Asian countries South Korea, Singapore and Taiwan. Economically, the analysis is based on notions of stochastic long-run convergence and business cycle synchrony in the GDPs. According tests for cointegration and common serial correlation features reveal a high degree of coherence in long-run growth and medium-run fluctations. This allows extracting a common stochastic growth trend and a common business cycle. Further analysis shows, both of these compoments are subject to stronger influences from the US than from Japan. Convergence towards these matured economies conspicuously appears since the 1990s.
Subjects: 
Real Convergence
Cointegration
Common Cycles
South-East Asia
JEL: 
E32
F15
C32
Document Type: 
Working Paper

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