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EXAMINING THE ASYMMETRIC BEHAVIOUR OF MACROECONOMIC AGGREGATES IN ASIAN ECONOMIES.
- Source :
- Pacific Economic Review; Dec2008, Vol. 13 Issue 5, p567-574, 8p, 3 Charts, 1 Graph
- Publication Year :
- 2008
-
Abstract
- The goal of this paper is to test for asymmetric behaviour of macroeconomic aggregates for three Asian economies; namely, Malaysia, Hong Kong and Korea. Whether macroeconomic aggregates can be characterised as asymmetric has important implications for policy-making and econometric modelling including forecasting. We examine two forms of asymmetries; specifically deepness, which arises when a detrended time series contains an asymmetric distribution, and steepness, which arises when the first difference of a series contains an asymmetric distribution. Overall, our findings suggest that for all three countries, the bulk of the series display asymmetry behaviour. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 1361374X
- Volume :
- 13
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- Pacific Economic Review
- Publication Type :
- Academic Journal
- Accession number :
- 35948546
- Full Text :
- https://doi.org/10.1111/j.1468-0106.2008.00426.x