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
Pages (from-to)127-140
Number of pages14
JournalEconomic Modelling
Volume83
DOIs
Publication statusPublished - Dec 2019

Keywords

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

Cite this