The Transmission of Productivity and Investment Shocks in the Asia Pacific Region
Warwick McKibbin ()
Working Papers from Brookings Institution - Working Papers
An important aspect of macroeconomic interdependence in the Asia Pacific region is the adjustment of trade and current account balances in response to changes in saving and investment rates in individual economies. Greater trade flows, reliance on imported intermediate goods as well as more integrated capital markets imply that shifts in private or public saving and investment rates in an economy in the region can potentially have large impacts on other economies. This paper explores the quantitative nature of these linkages by focusing on a number of shocks within the context of a new dynamic multi-sector global model called the Asia-Pacific G-Cubed Model (AP-GCUBED). This model integrates sectoral adjustment with macroeconomic interdependence including explicit treatment of capital flows to explore the implications of a variety of productivity and investment shocks in the Asia Pacific Region.
Keywords: TRADE POLICY; INVESTMENTS (search for similar items in EconPapers)
JEL-codes: F10 F21 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Working Paper: The Transmission of Productivity and Investment Shocks in the Asia Pacific Region
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fth:brooki:129
Access Statistics for this paper
More papers in Working Papers from Brookings Institution - Working Papers THE BROOKINGS INSTITUTION, 1775 MASSACHUSETTS AVE N.W. WASHINGTON D.C. 20036 U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().