In selected East Asian economies, the behavior of detrended macroeconomic variables was found to be similar to that observed in the postwar U.S. economy. Consumption and investment are highly procyclical while the balance of trade and the price level are counter-cyclical in most of them. Labor productivity is procyclical in general. The high coherence between U.S. GDP and that of the East Asian economies suggests that business cycles in terms of frequency are also similar between the United States and East Asia. However, the GDP and consumption of East Asian countries do not necessarily co-move well with current U.S. and Japanese GDP and consumption, while East Asian consumption tends to co-move more with lagged U.S. and Japanese consumption.
権利
Copyrights 日本貿易振興機構（ジェトロ）アジア経済研究所 / Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) http://www.ide.go.jp
雑誌名
The Developing Economies
雑誌名(英)
The Developing Economies
巻
36
号
4
ページ
407 - 439
発行年
1998-12
ISSN
00121533
出版者
Institute of Developing Economies (IDE-JETRO)
アジ研図書館請求記号
P/330.1/De8
著者版フラグ
publisher
日本十進分類法
337.9
JEL分類
JEL:E32 - Business Fluctuations; Cycles
地域/国名
台湾
香港
日本
韓国
フィリピン
シンガポール
タイ
アメリカ合衆国
キーワード(LSH)
Business cycles
East Asia
United States
Taiwan
Hong Kong
Japan
South Korea
Philippines
Singapore
Thailand
景気
東アジア
アメリカ合衆国
台湾
香港
日本
韓国
フィリピン
シンガポール
タイ
Analogous Cycles with Lagged Co-movement: U.S. and East Asian Business Cycles
本文
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