The influences of international output shocks from the US and China on ASEAN economies

Mardi Dungey; Tugrul Vehbi

doi:10.1016/j.asieco.2015.05.003

The influences of international output shocks from the US and China on ASEAN economies

Mardi Dungey^*, Tugrul Vehbi

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

15 Citations (Scopus)

Abstract

The contribution of international and domestic shocks to macroeconomic outcomes in Asian countries is of significant domestic policy importance. This paper applies a Structural Vector AutoRegressive (SVAR) model to Singapore, Thailand, the Philippines, Malaysia and Indonesia. We show the contribution of foreign shocks to domestic output and inflation outcomes, and assess whether Chinese shocks have a more pronounced effect than those originating from the US. The explanatory value of US shocks outweighs those from China, potentially reflecting the importance of US based end consumers.

Original language	English
Pages (from-to)	59-71
Number of pages	13
Journal	Journal of Asian Economics
Volume	39
DOIs	https://doi.org/10.1016/j.asieco.2015.05.003
Publication status	Published - 1 Aug 2015

Access to Document

10.1016/j.asieco.2015.05.003

Cite this

@article{1cdf87cadd724612a036f2ced6914947,

title = "The influences of international output shocks from the US and China on ASEAN economies",

abstract = "The contribution of international and domestic shocks to macroeconomic outcomes in Asian countries is of significant domestic policy importance. This paper applies a Structural Vector AutoRegressive (SVAR) model to Singapore, Thailand, the Philippines, Malaysia and Indonesia. We show the contribution of foreign shocks to domestic output and inflation outcomes, and assess whether Chinese shocks have a more pronounced effect than those originating from the US. The explanatory value of US shocks outweighs those from China, potentially reflecting the importance of US based end consumers.",

keywords = "East Asia, Structural VAR",

author = "Mardi Dungey and Tugrul Vehbi",

note = "Publisher Copyright: {\textcopyright} 2015 Elsevier Inc.",

year = "2015",

month = aug,

day = "1",

doi = "10.1016/j.asieco.2015.05.003",

language = "English",

volume = "39",

pages = "59--71",

journal = "Journal of Asian Economics",

issn = "1049-0078",

publisher = "Elsevier B.V.",

}

TY - JOUR

T1 - The influences of international output shocks from the US and China on ASEAN economies

AU - Dungey, Mardi

AU - Vehbi, Tugrul

PY - 2015/8/1

Y1 - 2015/8/1

N2 - The contribution of international and domestic shocks to macroeconomic outcomes in Asian countries is of significant domestic policy importance. This paper applies a Structural Vector AutoRegressive (SVAR) model to Singapore, Thailand, the Philippines, Malaysia and Indonesia. We show the contribution of foreign shocks to domestic output and inflation outcomes, and assess whether Chinese shocks have a more pronounced effect than those originating from the US. The explanatory value of US shocks outweighs those from China, potentially reflecting the importance of US based end consumers.

AB - The contribution of international and domestic shocks to macroeconomic outcomes in Asian countries is of significant domestic policy importance. This paper applies a Structural Vector AutoRegressive (SVAR) model to Singapore, Thailand, the Philippines, Malaysia and Indonesia. We show the contribution of foreign shocks to domestic output and inflation outcomes, and assess whether Chinese shocks have a more pronounced effect than those originating from the US. The explanatory value of US shocks outweighs those from China, potentially reflecting the importance of US based end consumers.

KW - East Asia

KW - Structural VAR

UR - http://www.scopus.com/inward/record.url?scp=84934896125&partnerID=8YFLogxK

U2 - 10.1016/j.asieco.2015.05.003

DO - 10.1016/j.asieco.2015.05.003

M3 - Article

SN - 1049-0078

VL - 39

SP - 59

EP - 71

JO - Journal of Asian Economics

JF - Journal of Asian Economics

ER -

The influences of international output shocks from the US and China on ASEAN economies

Abstract

Access to Document

Other files and links

Fingerprint

Cite this