Examining the asymmetric behaviour of macroeconomic aggregates in Asian economies

Narayan, Paresh Kumar and Narayan, Seema 2008, Examining the asymmetric behaviour of macroeconomic aggregates in Asian economies, Pacific economic review, vol. 13, no. 5, pp. 567-574.

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Title Examining the asymmetric behaviour of macroeconomic aggregates in Asian economies
Author(s) Narayan, Paresh Kumar
Narayan, Seema
Journal name Pacific economic review
Volume number 13
Issue number 5
Start page 567
End page 574
Publisher Wiley-Blackwell Publishing Asia
Place of publication Richmond, Vic.
Publication date 2008-12
ISSN 1361-374X
1468-0106
Summary 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.
Language eng
Field of Research 140299 Applied Economics not elsewhere classified
140212 Macroeconomics (incl Monetary and Fiscal Theory)
HERDC Research category C1 Refereed article in a scholarly journal
HERDC collection year 2008
Copyright notice ©2008, Blackwell Publishing Asia Pty Ltd
Persistent URL http://hdl.handle.net/10536/DRO/DU:30017867

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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