The influences of international output shocks from the US and China on ASEAN economies

Mardi Dungey, Tugrul Vehbi

    Research output: Contribution to journalArticle

    Abstract

    The contribution of international and domestic shocks to macroeconomic outcomes in Asian countries is of significant domestic policy importance. This paper applies a Structural Vector AutoRegressive (SVAR) model to Singapore, Thailand, the Philippines, Malaysia and Indonesia. We show the contribution of foreign shocks to domestic output and inflation outcomes, and assess whether Chinese shocks have a more pronounced effect than those originating from the US. The explanatory value of US shocks outweighs those from China, potentially reflecting the importance of US based end consumers.
    Original languageEnglish
    Pages (from-to)59-71
    JournalJournal of Asian Economics
    Volume39
    DOIs
    Publication statusPublished - 2015

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