Deepening Interdependence or Decoupling Hypothesis In East Asia through Trade Transmission: : An Empirical Study Using Dynamic Factor Models and Standard Approaches

Language: English

Published by LAP LAMBERT Academic Publishing, 2012

3847331841 / 9783847331841

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nach der Bestellung gedruckt Neuware - Printed after ordering - Decoupling refers to the divergence of business cycles among different countries, and Re-coupling corresponds to convergence. Decoupling is just a fancy word for separation . The aim of this study is to discover whether there has been decoupling or convergence of business cycles through the trade channel. As trade integration increased among Asian countries, business cycle synchronization among these countries was expected to increase through trade transmission. Theoretically, however, increased trade can lead to business cycles synchronization either rising or falling. Inter-industry trade resulting in higher specialization will induce less synchronized business cycles, while intra-industry trade could lead to increased business cycle synchronization. Thus, it is important to distinguish between intra- and inter-industry trade flows. A major part of the dissertation involved the calculation of inter-industry trade indices and intra-industry trade indices at the aggregate and industry levels based on the original data from IMF and WB.

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Title
Deepening Interdependence or Decoupling Hypothesis In East Asia through Trade Transmission: : An Empirical Study Using Dynamic Factor Models and Standard Approaches
Author
Linyue Li
Publisher
LAP LAMBERT Academic Publishing
Publication year
2012
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3847331841
ISBN 13
9783847331841
Item weight
328 grams
Dimensions
220x150x13 mm

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