Business Cycle Correlations in Asia-Pacific

16 Pages Posted: 4 Sep 2007

See all articles by Mark Crosby

Mark Crosby

University of Melbourne - Melbourne Business School

Date Written: February 2003

Abstract

In this paper business cycle correlations between countries in the Asia-Pacific region are examined. A number of authors have suggested that trade intensity between pairs of countries increases business cycle synchronisation, though theoretically it is not clear that this should be the case. In this paper trade intensity and a number of other macroeconomic and structural variables are used to try and explain synchronisation. Our findings suggest that trade does not explain correlations in the Asia-Pacific region.

Suggested Citation

Crosby, Mark, Business Cycle Correlations in Asia-Pacific (February 2003). Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 04/2003, Available at SSRN: https://ssrn.com/abstract=1009367 or http://dx.doi.org/10.2139/ssrn.1009367

Mark Crosby (Contact Author)

University of Melbourne - Melbourne Business School ( email )

200 Leicester Street
Carlton, Victoria 3053 3186
Australia

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