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...
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| Main Authors: | , , |
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| 格式: | Article |
| 語言: | English |
| 出版: |
Scientific Research Publishing
2012
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| 主題: | |
| 在線閱讀: | http://ir.unimas.my/id/eprint/18015/1/Arunnan.pdf http://ir.unimas.my/id/eprint/18015/ http://dx.doi.org/10.4236/me.2012.31017 |
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| 總結: | 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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