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Regional and Outward Economic Integration in South-East Asia

Enzo Weber

MPRA Paper from University Library of Munich, Germany

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: Economic Integration; Cointegration; Common Cycles; South-East Asia (search for similar items in EconPapers)
JEL-codes: C32 E32 F15 (search for similar items in EconPapers)
Date: 2007-04, Revised 2007-12
New Economics Papers: this item is included in nep-mac and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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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 (2011) Downloads
Working Paper: Regional and outward economic integration in South-East Asia (2007) Downloads
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