Ong, Hway-Boon and Puah, Chin Hong and Muzafar Shah, Habibullah (2006) Interdependence of ASEAN Business Cycles. Frontiers in Finance and Economics, 3 (1). pp. 69-78. ISSN 1814-2044
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Abstract
This paper examines the interdependence relationship of five ASEAN business cycles, namely, Indonesia, Malaysia, Philippines, Singapore and Thailand. We conducted an augmented VAR of Granger non-causality test and discovered that there is strong interdependence among the ASEAN countries under study. Our empirical findings revealed the existence of bi-directional causality among ASEAN countries, especially Malaysia and Singapore. That is to say, economic shocks or policy implementation by any neighbouring countries may be easily transmitted to another.
| Item Type: | Article |
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| Uncontrolled Keywords: | Granger non-causality, augmented- VAR, MWald test, business cycles, ASEAN, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business |
| Depositing User: | Ab Rahim |
| Date Deposited: | 20 Nov 2017 02:26 |
| Last Modified: | 20 Nov 2017 02:26 |
| URI: | http://ir.unimas.my/id/eprint/18674 |
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