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The influences of international output shocks from the US and China on ASEAN economies


Dungey, M and Vehbi, T, The influences of international output shocks from the US and China on ASEAN economies, Journal of Asian Economics, 39 pp. 59-71. ISSN 1049-0078 (2015) [Refereed Article]

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Copyright 2015 Elsevier Inc.

DOI: doi:10.1016/j.asieco.2015.05.003


The contribution of international and domestic shocks to macroeconomic outcomes in Asian countries is of significant domestic policy importance. This paper applies a Structural Vector AutoRegressive (SVAR) model to Singapore, Thailand, the Philippines, Malaysia and Indonesia. We show the contribution of foreign shocks to domestic output and inflation outcomes, and assess whether Chinese shocks have a more pronounced effect than those originating from the US. The explanatory value of US shocks outweighs those from China, potentially reflecting the importance of US based end consumers.

Item Details

Item Type:Refereed Article
Keywords:Global financial crisis; Financial contagion; Banking institutions; Asset pricing
Research Division:Economics
Research Group:Applied economics
Research Field:Macroeconomics (incl. monetary and fiscal theory)
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Fiscal policy
UTAS Author:Dungey, M (Professor Mardi Dungey)
ID Code:106975
Year Published:2015
Web of Science® Times Cited:5
Deposited By:TSBE
Deposited On:2016-02-29
Last Modified:2016-08-16

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