Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/7859
Título: | Intra-industry trade and business cycles in ASEAN |
Autor(es): | Cortinhas, Carlos |
Data: | Abr-2007 |
Editora: | Routledge |
Revista: | Applied Economics |
Citação: | Cortinhas, C. (2007, April). Intra-industry trade and business cycles in ASEAN. Applied Economics. Informa UK Limited. http://doi.org/10.1080/00036840500461907 |
Resumo(s): | A new resolve for both increased economic integration and monetary and exchange rate cooperation has started to emerge in the Association of Southeast Asian Nations (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 article 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. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/7859 |
DOI: | 10.1080/00036840500461907 |
ISSN: | 0003-6846 |
e-ISSN: | 1466-4283 |
Versão da editora: | http://dx.doi.org/10.1080/00036840500461907 |
Arbitragem científica: | yes |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Cortinhas_2007_AE.pdf | Documento principal | 149,41 kB | Adobe PDF | Ver/Abrir |