Accounting for the economic relationship between Japan and the Asian Tigers

Hideaki Hirata () and Keisuke Otsu

Working Paper from Harvard University OpenScholar

Abstract: In this paper, we construct a two-country business cycle accounting model in order to investigate quantitatively the relationship between Japan and the Asian Tigers. Our model is based on Backus, Kehoe and Kydland (1994) in which each economy produces tradable intermediate goods that are aggregated to form final goods within each economy. We apply the business cycle accounting method of Chari, Kehoe and McGrattan (2007) and find that the main source of high frequency fluctuation in output in each economy is the fluctuation of production efficiency within its own economy. Furthermore, the growth in the Asian Tigers'production efficiency had a significant positive effect on Japanese economic growth over the 1980-2009 period through the endogenous terms of trade effect.

Date: 2011-01
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://scholar.harvard.edu/hideakihirata/node/164496

Related works:
Journal Article: Accounting for the economic relationship between Japan and the Asian Tigers (2016)
Working Paper: Accounting for the economic relationship between Japan and the Asian Tigers (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:qsh:wpaper:164496

Access Statistics for this paper

More papers in Working Paper from Harvard University OpenScholar Contact information at EDIRC.
Bibliographic data for series maintained by Richard Brandon ( this e-mail address is bad, please contact ).