The global effects of productivity gains in Asian emerging economies

Taya Dumrongrittikul, Heather Anderson, Farshid Vahid

Research output: Contribution to journalArticleResearchpeer-review

Abstract

This paper investigates international responses of key macroeconomic variables to simultaneous shocks to productivity in the traded sector in eight Asian emerging and developing countries. We use panel estimation techniques to construct component sub-models in a thirty country global vector autoregressive (GVAR) model. We identify the shocks by using sign restricted impulse responses. We find that increases in traded-sector productivity in Asian emerging and developing countries have a positive effect on economic growth and international trade for most countries.

Original languageEnglish
Number of pages14
JournalEconomic Modelling
DOIs
Publication statusAccepted/In press - 16 Feb 2019

Keywords

  • Global vector autoregressive models
  • International linkages
  • Openness
  • Sign restrictions
  • Traded-nontraded productivity differential

Cite this

@article{68d549c8462549debaa33acc159dd8c5,
title = "The global effects of productivity gains in Asian emerging economies",
abstract = "This paper investigates international responses of key macroeconomic variables to simultaneous shocks to productivity in the traded sector in eight Asian emerging and developing countries. We use panel estimation techniques to construct component sub-models in a thirty country global vector autoregressive (GVAR) model. We identify the shocks by using sign restricted impulse responses. We find that increases in traded-sector productivity in Asian emerging and developing countries have a positive effect on economic growth and international trade for most countries.",
keywords = "Global vector autoregressive models, International linkages, Openness, Sign restrictions, Traded-nontraded productivity differential",
author = "Taya Dumrongrittikul and Heather Anderson and Farshid Vahid",
year = "2019",
month = "2",
day = "16",
doi = "10.1016/j.econmod.2019.02.004",
language = "English",
journal = "Economic Modelling",
issn = "0264-9993",
publisher = "Elsevier",

}

The global effects of productivity gains in Asian emerging economies. / Dumrongrittikul, Taya; Anderson, Heather; Vahid, Farshid.

In: Economic Modelling, 16.02.2019.

Research output: Contribution to journalArticleResearchpeer-review

TY - JOUR

T1 - The global effects of productivity gains in Asian emerging economies

AU - Dumrongrittikul, Taya

AU - Anderson, Heather

AU - Vahid, Farshid

PY - 2019/2/16

Y1 - 2019/2/16

N2 - This paper investigates international responses of key macroeconomic variables to simultaneous shocks to productivity in the traded sector in eight Asian emerging and developing countries. We use panel estimation techniques to construct component sub-models in a thirty country global vector autoregressive (GVAR) model. We identify the shocks by using sign restricted impulse responses. We find that increases in traded-sector productivity in Asian emerging and developing countries have a positive effect on economic growth and international trade for most countries.

AB - This paper investigates international responses of key macroeconomic variables to simultaneous shocks to productivity in the traded sector in eight Asian emerging and developing countries. We use panel estimation techniques to construct component sub-models in a thirty country global vector autoregressive (GVAR) model. We identify the shocks by using sign restricted impulse responses. We find that increases in traded-sector productivity in Asian emerging and developing countries have a positive effect on economic growth and international trade for most countries.

KW - Global vector autoregressive models

KW - International linkages

KW - Openness

KW - Sign restrictions

KW - Traded-nontraded productivity differential

UR - http://www.scopus.com/inward/record.url?scp=85063760803&partnerID=8YFLogxK

U2 - 10.1016/j.econmod.2019.02.004

DO - 10.1016/j.econmod.2019.02.004

M3 - Article

JO - Economic Modelling

JF - Economic Modelling

SN - 0264-9993

ER -