Detail Business Cycle Transmission and Interdependence Between Japan and Australia   Oleh:  Selover, David D. ; Round, David K. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Asian Economics vol. 7 no. 4 (1996), page 569-602. Topik: business cycle; business cycle; transmission; interdependence Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ50.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper investigates business cycle transmission and interdependence between Australia and Japan over the period 1961. 1 – 1994. 4. Vector autoregression (VAR) and vector error correction (VEC) models were constructed utilizing GDP/GNPs, producer prices, interest rates and money supplies. The model is tested for cointegration. Two cointegrating vectors are found, and a vector error correction (VEC) model is estimated. The coefficients and the F - tests of the VEC are used to measure the effect of one economy upon the other. Impulse responses from a VAR are examined for evidence of business cycle transmission, and recursive least squares estimates are used to check for structural change in the relationship. Figures are used to graphically demonstrate these relationships and have been collected in an appendix, which can be found at the end of the text. While the two countries engage in a close trading relationship, the two economies are found to be only somewhat interdependent in macroeconometric terms. Japan is found to transmit some of its business cycle fluctuations to Australia, but there is little reverse transmission. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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