Regional Business Cycles in East Asia: Synchronization and its Determinants
This paper analyzes the dynamics and nature of regional business cycle synchronization for East Asian countries in the period of 2000:Q1-2011:Q4. Estimating a dynamic two-factor model extracts the common factor and the nation- specific factor from both the macroeconomic aggregates and plausible driv...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
2013-06-01
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| Series: | East Asian Economic Review |
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| Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.2013.17.2.261 |