Summary of General Discussion on “Economic Integration and Business Cycle Synchronization in Asia”

2013 ◽  
Vol 12 (1) ◽  
pp. 106-107
2013 ◽  
Vol 12 (1) ◽  
pp. 76-99 ◽  
Author(s):  
Chi Gong ◽  
Soyoung Kim

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.


2011 ◽  
Vol 18 (1) ◽  
pp. 28-39
Author(s):  
Jason Jones ◽  
Nora Collins ◽  
Lauren Sribnick

Author(s):  
Luca Agnello ◽  
Guglielmo Maria Caporale ◽  
Ricardo Sousa

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