Common and uncommon sources of growth in Asia Pacific

This paper embarks to analyse the role of exports and investment supposed to be major sources of economic growth in Asia Pacific. Therefore at first, the cointegration properties of exports, capital formation and GDP are examined in vector error correction models (VECMs). The results confirm the crucial role of exports and investment in the Asian growth dynamics. In a second stage, the structural shocks are identified by short- and long-run restrictions. These shocks, as well as the corresponding dynamic responses, are then correlated across all sample countries to provide insight into the depth of regional coherence. At last, the identified trends are explained by various macroeconomic variables.

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Year of publication:	2006
Authors:	Weber, Enzo
Publisher:	Berlin : SFB 649, Economic Risk
Subject:	Exportinduziertes Wachstum \| Direktinvestition \| Kointegration \| Schock \| Asiatisch-pazifischer Raum \| Economic Growth \| Structural VECM \| Export \| Investment \| Asia Pacific

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Series:	SFB 649 discussion paper ; 2006,064
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	518456994 [GVK] hdl:10419/25147 [Handle]
Classification:	O11 - Macroeconomic Analyses of Economic Development ; F15 - Economic Integration ; C32 - Time-Series Models
Source:	EconStor

Persistent link: https://www.econbiz.de/10010263653