Examining the asymmetric behaviour of macroeconomic aggregates in Asian economies

Paresh Kumar Narayan, Seema Narayan

Research output: Contribution to journalArticleResearchpeer-review

5 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)567-574
Number of pages8
JournalPacific Economic Review
Volume13
Issue number5
DOIs
Publication statusPublished - Dec 2008
Externally publishedYes

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