Business Cycle Synchronization in Asia: The Role of Financial and Trade Linkages

Publication | October 2014

This research investigates the determinants underlying the synchronization of business cycles, including trade and financial linkages, and policy similarities. 

The economies of the People’s Republic of China, Japan, and the United States were used as “reference countries” to examine the synchronization of their business cycles with those of selected Asian economies.

This research project studies the behavior of business cycles in Asia. Given the importance of the People’s Republic of China, Japan, and the United States in the region, these three economies were used as “reference countries” to examine the synchronization of their business cycles with those of selected Asian economies. This research investigates the determinants underlying the synchronization of their business cycles, including trade and financial linkages, and policy similarities.

Contents 

  • Abstract
  • Introduction
  • Literature Review
  • Determinants of Synchronization in Business Cycles
  • Panel Data Analysis
  • Conclusion
  • References
  • Appendix

Additional Details

Author
Type
Series
Subjects
  • Finance sector development
  • Industry and trade
SKU
  • WPS146870
ISSN
  • 2313-5999 (Print)
  • 2313-6006 (e-ISSN)

Subscribe to our monthly digest of latest ADB publications.

Follow ADB Publications on social media.