The influences of international output shocks from the US and China on ASEAN economies
Mardi Dungey () and
Tugrul Vehbi ()
Journal of Asian Economics, 2015, vol. 39, issue C, 59-71
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.
Keywords: Structural VAR; East Asia (search for similar items in EconPapers)
JEL-codes: F41 C32 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:eee:asieco:v:39:y:2015:i:c:p:59-71
Access Statistics for this article
Journal of Asian Economics is currently edited by C. Wiemer
More articles in Journal of Asian Economics from Elsevier
Series data maintained by Dana Niculescu ().