✦ LIBER ✦
Growth-cycle features of East Asian countries: are they similar?
✍ Scribed by Eric Girardin
- Publisher
- John Wiley and Sons
- Year
- 2005
- Tongue
- English
- Weight
- 172 KB
- Volume
- 10
- Category
- Article
- ISSN
- 1076-9307
- DOI
- 10.1002/ijfe.262
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✦ Synopsis
Abstract
This paper uses regime‐switching techniques to examine the similarities of GDP growth‐cycle features of 10 East Asian countries. A third regime of rapid growth is relevant for most countries. In Japan, South Korea and Taiwan, there was no secular slowdown in growth since the rapid‐growth regime re‐emerged at some stage. Japan is special since it shares each of its features with different countries, while China shares almost all its features with most countries. Finally, the same countries that were correlated with Japan in the 1980s have been linked with China since the 1990s. Copyright © 2005 John Wiley & Sons, Ltd.