학술저널
Output Synchronization in Asia
- People & Global Business Association
- Global Business and Finance Review
- Vol.18 No.1
-
2013.0663 - 76 (14 pages)
- 16
This paper investigates whether or not a multi-country international business model can account for international output comovements of macroeconomic variables. In this study, we use the Augmented Dickey-Fuller and Phillips-Perron procedures to test for unit roots, and the Johansen test procedures to test for cointegration of the time series. We show that if the GDPs of the scrutinized countries are cointegrated, then the business cycles in these countries tend to synchronize with one another. Not all, but many of the national outputs are indeed cointegrated.
Abstract
Ⅰ. Introduction
Ⅱ. Data and Model
Ⅲ. Empirical Results
Ⅳ. Conclusion
References
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