Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/7065
Título: | Intra-industry trade, specialisation and business cycles in ASEAN |
Autor(es): | Cortinhas, Carlos |
Palavras-chave: | Intra-industry trade Business cycle harmonization Economic integration ASEAN |
Data: | 2005 |
Editora: | University of Nottingham |
Citação: | ANNUAL GEP POSTGRADUATE CONFERENCE, 4, Nottingham, Reino Unido, 2005 – “Fourth Annual GEP Postgraduate Conference : proceedings”. Nottingham : University of Nottingham, [2005?]. |
Resumo(s): | Recently, 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 most important criterion for joining a currency union. The large increase in intra-ASEAN trade in recent years naturally 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. As the results were not very significant, a new methodology that uses the whole sample period data instead of dividing the data into sub-periods was conducted. The results with our own model were very significant and robust, 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. |
Tipo: | Artigo em ata de conferência |
URI: | https://hdl.handle.net/1822/7065 |
Arbitragem científica: | yes |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Comunicações a Conferências |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Cortinhas_2005_4AGEPPC.pdf | Documento principal | 137 kB | Adobe PDF | Ver/Abrir |