Common and uncommon sources of growth in Asia Pacific

Enzo Weber

MPRA Paper from University Library of Munich, Germany

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: 2006-09, Revised 2007-06
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (1)

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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 (2006)
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