The Endogeneity of the Optimum Currency Area Criteria in East Asia

摘要：

This Paper develops and investigates the relationship between the intensity of trade、industrial specialization and business cycle synchronization in East Asia. Using 19 years of data for eight East Asia countries, and using panel model approach, we have an empirical finding: the increased intra-region trade increases the business-cycle comovements, and industrial specialization is negative correlation with business-cycle synchronization. It follows that countries are more likely to satisfy the criteria for entry into a currency union after taking steps toward economic integration than before.

关键词： trade intensity business cycle synchronization optimum currency area industrial specialization

作者: YU Xiaoping

作者单位: School of Economics,Shandong University,P.R.China,250010 School of Economics,Shandong Institute of Business and Technology,P.R.China,264005

会议类型: 国际会议

会议名称: 2010 International Conference on Technology Innovation and Industry Development(2010年技术创新与产业发展国际研讨会)

会议地点: 烟台

会议语种:英文

页码: 837-840

在线出版日期: 2010-09-17（万方平台首次上网日期，不代表论文的发表时间）