dc.contributor.author | Cortinhas, Carlos Jose Ferreira | de |
dc.date.accessioned | 2011-04-01T03:15:00Z | de |
dc.date.accessioned | 2012-08-30T04:48:24Z | |
dc.date.available | 2012-08-30T04:48:24Z | |
dc.date.issued | 2007 | de |
dc.identifier.uri | http://www.ssoar.info/ssoar/handle/document/23960 | |
dc.description.abstract | A new resolve for both increased economic integration and monetary and exchange rate cooperation has started to emerge in ASEAN, especially since the 1997-1998 Asian financial crisis. According to the optimum currency area theory, the degree of trade integration is one of the most important criteria for joining a currency union. The large increase in intra-ASEAN trade in recent years raises the question of whether the ASEAN countries are becoming better prepared to form a currency union.
This paper sets to test whether the recorded increase in intra-ASEAN trade is leading the ASEAN members to closer economic integration and thus to better satisfy the criteria for a common currency. Two separate models are estimated for that purpose. First, a variation of the model of Frankel and Rose (1997) was estimated for the ASEAN members. Next, a new panel data methodology was conducted. The results with our own model were very significant and robust when four of the ASEAN5 countries were considered, and showed a clear positive correlation between intra-industry trade and business cycle synchronization in ASEAN. This result has important implications for the prospects of the creation of a common currency in the region. | en |
dc.language | en | de |
dc.title | Intra-Industry Trade and Business Cycles in ASEAN | en |
dc.description.review | begutachtet (peer reviewed) | de |
dc.description.review | peer reviewed | en |
dc.source.journal | Applied Economics | de |
dc.source.volume | 39 | de |
dc.source.issue | 7 | de |
dc.identifier.urn | urn:nbn:de:0168-ssoar-239607 | de |
dc.date.modified | 2011-04-01T03:15:00Z | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | en |
ssoar.contributor.institution | http://www.peerproject.eu/ | de |
internal.status | -1 | de |
dc.type.stock | article | de |
dc.type.document | journal article | en |
dc.type.document | Zeitschriftenartikel | de |
dc.source.pageinfo | 893-902 | |
internal.identifier.journal | 21 | de |
internal.identifier.document | 32 | |
dc.identifier.doi | https://doi.org/10.1080/00036840500461907 | de |
dc.description.pubstatus | Postprint | en |
dc.description.pubstatus | Postprint | de |
internal.identifier.licence | 7 | |
internal.identifier.pubstatus | 2 | |
internal.identifier.review | 1 | |
internal.check.abstractlanguageharmonizer | CERTAIN | |
internal.check.languageharmonizer | CERTAIN_RETAINED | |