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Output Synchronization in Asia

Myeong Hwan Kim
사람과세계경영학회 (People&Global Business Association)|2013.06|Global Business and Finance Review|제18권 제1호|pp. 63-76

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참고문헌

키워드

Augmented Dickey-Fuller TestMulti-country International Business ModelCross-country ComovementsPhillips-Perron TestJohansen Test Procedures

초록

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

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.

참고문헌 (40)

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