scholarly journals Fiscal Adjustment and Business Cycle Synchronization

2013 ◽  
Author(s):  
Luca Agnello ◽  
Guglielmo Maria Caporale ◽  
Ricardo Sousa
Keyword(s):  
Business Cycle ◽  
Business Cycle Synchronization ◽  
Fiscal Adjustment

Economic Integration and Business Cycle Synchronization in Asia

2013 ◽  
Vol 12 (1) ◽  
pp. 76-99 ◽  
Author(s):  
Chi Gong ◽  
Soyoung Kim
Keyword(s):  
Business Cycle ◽  
Economic Integration ◽  
Regional Integration ◽  
Financial Integration ◽  
Trade Integration ◽  
Business Cycle Synchronization ◽  
Empirical Results ◽  
Positive Effects ◽  
Negative Effect ◽  
Positive Effect

This paper examines the effects of internal (or regional) vs. external (inter-regional) integration and of trade vs. financial integration on regional business cycle synchronization in Asia. The empirical results show the following: (1) similar and strong common external linkages have significant positive effects on regional business cycle synchronization; (2) after controlling for external linkages, internal trade integration has a positive effect on regional business cycle synchronization but internal financial integration has a negative effect; and (3) the measures of external linkages, particularly the measure of external financial linkages, are more important than those of internal linkages in explaining regional business cycle co-movements.

Sign in / Sign up

Export Citation Format

Share Document