Business Cycle in the US and five ASEAN countries: are they related?
Given the inter-country linkages arising from technological advances in communication and transportation, this paper examines the interdependent relationships between the output of the world's largest economy, the U.S, and those of five other ASEAN countries, namely Indonesia, Malaysia, Philipp...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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UP School of Economics (UPSE)
2004
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/18671/ http://ir.unimas.my/id/eprint/18671/6/Business%20cycles%20in%20the%20US%20%28abstract%29.pdf |
| _version_ | 1848838563199713280 |
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| author | Ong, Hway-Boon Puah, Chin Hong Muzafar Shah, Habibullah |
| author_facet | Ong, Hway-Boon Puah, Chin Hong Muzafar Shah, Habibullah |
| author_sort | Ong, Hway-Boon |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | Given the inter-country linkages arising from technological advances in communication and transportation, this paper examines the interdependent relationships between the output of the world's largest economy, the U.S, and those of five other ASEAN countries, namely Indonesia, Malaysia, Philippines, Singapore and Thailand. Based on result of the augmented VAR of the Granger non-causality test, the paper finds a weak interdependence between the U.S and the five ASEAN countries, but a strong interdependence among the ASEAN countries. The empirical findings also revealed bi-directional causality among ASEAN countries especially Malaysia and Singapore. As such, every ASEAN country has to consider the economic developments and policies of other ASEAN countries as their decisions could affect one another. |
| first_indexed | 2025-11-15T06:57:32Z |
| format | Article |
| id | unimas-18671 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:57:32Z |
| publishDate | 2004 |
| publisher | UP School of Economics (UPSE) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-186712017-11-20T02:35:42Z http://ir.unimas.my/id/eprint/18671/ Business Cycle in the US and five ASEAN countries: are they related? Ong, Hway-Boon Puah, Chin Hong Muzafar Shah, Habibullah HB Economic Theory Given the inter-country linkages arising from technological advances in communication and transportation, this paper examines the interdependent relationships between the output of the world's largest economy, the U.S, and those of five other ASEAN countries, namely Indonesia, Malaysia, Philippines, Singapore and Thailand. Based on result of the augmented VAR of the Granger non-causality test, the paper finds a weak interdependence between the U.S and the five ASEAN countries, but a strong interdependence among the ASEAN countries. The empirical findings also revealed bi-directional causality among ASEAN countries especially Malaysia and Singapore. As such, every ASEAN country has to consider the economic developments and policies of other ASEAN countries as their decisions could affect one another. UP School of Economics (UPSE) 2004-06-01 Article PeerReviewed text en http://ir.unimas.my/id/eprint/18671/6/Business%20cycles%20in%20the%20US%20%28abstract%29.pdf Ong, Hway-Boon and Puah, Chin Hong and Muzafar Shah, Habibullah (2004) Business Cycle in the US and five ASEAN countries: are they related? The Philippine Review of Economics, XLI (1). pp. 57-66. ISSN 1655-1516 http://pre.econ.upd.edu.ph/index.php/pre/article/view/167 |
| spellingShingle | HB Economic Theory Ong, Hway-Boon Puah, Chin Hong Muzafar Shah, Habibullah Business Cycle in the US and five ASEAN countries: are they related? |
| title | Business Cycle in the US and five ASEAN countries: are they related? |
| title_full | Business Cycle in the US and five ASEAN countries: are they related? |
| title_fullStr | Business Cycle in the US and five ASEAN countries: are they related? |
| title_full_unstemmed | Business Cycle in the US and five ASEAN countries: are they related? |
| title_short | Business Cycle in the US and five ASEAN countries: are they related? |
| title_sort | business cycle in the us and five asean countries: are they related? |
| topic | HB Economic Theory |
| url | http://ir.unimas.my/id/eprint/18671/ http://ir.unimas.my/id/eprint/18671/ http://ir.unimas.my/id/eprint/18671/6/Business%20cycles%20in%20the%20US%20%28abstract%29.pdf |