The transmission mechanism of business cycles among asean-5, China, Japan and South Korea

Arunnan, Balasubramaniam (2009) The transmission mechanism of business cycles among asean-5, China, Japan and South Korea. [Final Year Project Report] (Unpublished)

PDF (Please get the password by email to repository@unimas.my, or call ext: 3914/ 3942/ 3933) Arunnan Bala Subramaniam ft.pdf Restricted to Registered users only Download (33MB)

Abstract

This study aims to examine the business cycles transmissions among ASEAN+3 countries which became increasingly integrated via market-driven trade and investments.An autoregressive VAR model is used to inspect the business cycles causal linkages.The results indicate ASEAN-5 have significant influence of business cycles among one and another. The results show that ASEAN-5 with China has leading business cycles transmission vice versa followed by ASEAN-5 with South Korea and finally ASEAN-5 with Japan.It establishes bidirectional causal interplays upon the business cycles of ASEAN+3 countries to confirm there is transmissions of shocks between these economies. Therefore, this study suggests integration mechanism is prominent for these economies to establish intra -regional mutual demand and supply to reduce dependence on extra-regional dominant powers

Actions (For repository members only: login required)

View Item