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Regional and Outward Economic Integration in South-East Asia

Enzo Weber

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Abstract: The subject of this paper tackles macroeconomic integration of the South-East Asian countries South Korea, Singapore and Taiwan. Economically, the analysis is based on notions of stochastic long-run convergence and business cycle synchrony in the GDPs. According tests for cointegration and common serial correlation features reveal a high degree of coherence in long-run growth and medium-run fluctuations. This allows extracting a common stochastic growth trend and a common business cycle. Further analysis shows that both of these components are subject to stronger influences from the US than from Japan. Convergence towards these matured economies conspicuously appears since the 1990s.

Keywords: Social; Sciences; &; Humanities (search for similar items in EconPapers)
Date: 2011-02-16
Note: View the original document on HAL open archive server: https://hal.science/hal-00670761
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Published in Applied Economics, 2011, pp.1. ⟨10.1080/00036846.2010.539543⟩

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Related works:
Journal Article: Regional and outward economic integration in South-East Asia (2012) Downloads
Working Paper: Regional and Outward Economic Integration in South-East Asia (2007) Downloads
Working Paper: Regional and outward economic integration in South-East Asia (2007) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00670761

DOI: 10.1080/00036846.2010.539543

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