Interdependence of ASEAN Business Cycles

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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Official URL: https://www.researchgate.net/publication/227346930

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: E-Article
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
Depositing User: ROSSAZANA 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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