Economic Interdependence: Evidence from China and ASEAN-5 Countries
This study aimed to examine the interdependence relationship among five Association of Southeast Asian Nations (ASEAN-5) countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand) and China from a business cycles perspective. The Granger non-causality test proposed by [1] was used t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Scientific Research Publishing
2012
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/18015/ http://ir.unimas.my/id/eprint/18015/1/Arunnan.pdf |
| Summary: | This study aimed to examine the interdependence relationship among five Association of Southeast Asian Nations
(ASEAN-5) countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand) and China from a business cycles
perspective. The Granger non-causality test proposed by [1] was used to examine causal linkages in business cycles.
The empirical results indicated common business cycles between China and ASEAN-5 economies. This suggested that
China and ASEAN-5 share similar business cycles and could complement each other in the long run. A discussion of
important insights for regional economic policy coordination in which similar business cycles provide a platform for
common regional trade, as well as suggestions for monetary policies, conclude the paper. |
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