Regional Business Cycles in East Asia: Synchronization and its Determinants

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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Bibliographic Details
Main Author: Young-Joon Park
Format: Article
Language:English
Published: Korea Institute for International Economic Policy 2013-06-01
Series:East Asian Economic Review
Subjects:
Business Cycle
Synchronization
Decoupling
East Asia
Factor Model
Online Access:http://dx.doi.org/10.11644/KIEP.JEAI.2013.17.2.261

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