Common and uncommon sources of growth in Asia Pacific
Enzo Weber
No 2006-064, SFB 649 Discussion Papers from Humboldt University Berlin, Collaborative Research Center 649: Economic Risk
Abstract:
This paper embarks to analyse the role of exports and investment supposed to be major sources of economic growth in Asia Pacific. Therefore at first, the cointegration properties of exports, capital formation and GDP are examined in vector error correction models (VECMs). The results confirm the crucial role of exports and investment in the Asian growth dynamics. In a second stage, the structural shocks are identified by short- and long-run restrictions. These shocks, as well as the corresponding dynamic responses, are then correlated across all sample countries to provide insight into the depth of regional coherence. At last, the identified trends are explained by various macroeconomic variables.
Keywords: Economic Growth; Structural VECM; Export; Investment; Asia Pacific (search for similar items in EconPapers)
JEL-codes: C32 F15 O11 (search for similar items in EconPapers)
Date: 2006
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Related works:
Journal Article: Common and uncommon sources of growth in Asia Pacific (2009)
Working Paper: Common and uncommon sources of growth in Asia Pacific (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:sfb649:sfb649dp2006-064
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