Deakin University
Browse

File(s) under permanent embargo

Examining the asymmetric behaviour of macroeconomic aggregates in Asian economies

journal contribution
posted on 2008-12-01, 00:00 authored by Paresh Narayan, S Narayan
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.

History

Journal

Pacific economic review

Volume

13

Issue

5

Pagination

567 - 574

Publisher

Wiley-Blackwell Publishing Asia

Location

Richmond, Vic.

ISSN

1361-374X

eISSN

1468-0106

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2008, Blackwell Publishing Asia Pty Ltd

Usage metrics

    Research Publications

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC