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Investigating growth spillovers from Europe
Author:
Sanjay Kalra
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Series:
IMF Working Papers
Volume/Issue:
Volume 2010: Issue 119
Language:
English
Publication Date:
01 May 2010
DOI:
https://doi.org/10.5089/9781455200788.001
ISBN:
9781455200788
ISSN:
1018-5941
Pages:
33
Keywords:
WP; Tunisia; FDI; FDI inflow; heightened degree; trade openness; growth performance; EU economy; EU growth; EU GDP growth; Tourism; Vector autoregression; Exports; Output gap; Agricultural sector; Europe; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The paper characterizes trade exposure and regional integration in six ASEAN economies during 1997-2008. For this, the paper uses the 2000 Asian Input Output Tables which are extrapolated using National Income Accounts and COMTRADE data. On the demand side, the paper shows that the level and geographical nature of external exposure varies across the ASEANs, and has changed over time. In particular, there was a shift in the external demand exposure of ASEANs from mature markets, including the United States, to China and ROW. In addition, the share of China in East Asia’s final demand, especially investment, rose sharply while that of Japan fell. On the supply side, the paper documents the rise of China into a “global factory” and the steady shift in regional production and integration from Japan and the United States to China.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2010: Issue 119