Business Cycles of Non-mono-cultural Developing Economies: The Case of ASEAN Countries

Kodama Masahiro

No 52, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: Based on analyses of actual data, we reveal that many Asian developing economies own economic structural features of "non-mono-cultural economy" and the "large primary good sector", which have not been discussed in developing economies RBC literature. We also examine the input-output tables to develop a model reflecting actual developing economies' structures. Referring to the analyses, we construct RBC models of ASEAN countries. Based on the model, we find that approximately half of GDP volatility is attributable to domestic productivity shocks, and the remaining half is attributable to price shocks.

Keywords: Business Cycles; Developing Economies; Economic development; Input-output tables; Asia; Southeast Asia; Thailand; Malaysia; Indonesia; Philippines; 景気; 経済開発; 産業連関表; アジア; 東南アジア; タイ; マレーシア; インドネシア; フィリピン (search for similar items in EconPapers)
JEL-codes: D58 E32 F41 O53 (search for similar items in EconPapers)
Date: 2006-03-01
New Economics Papers: this item is included in nep-dge, nep-mac and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published in IDE Discussion Paper = IDE Discussion Paper, No. 52. 2006-03-01

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