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The influences of international output shocks from the US and China on ASEAN economies
Citation
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]
Copyright Statement
Copyright 2015 Elsevier Inc.
DOI: doi:10.1016/j.asieco.2015.05.003
Abstract
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: | 1 |
| Deposited By: | TSBE |
| Deposited On: | 2016-02-29 |
| Last Modified: | 2016-08-16 |
| Downloads: | 0 |
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