Results 1-3 of 3
Trade Intensity and Business Cycle Synchronization: The Case of East Asia
(Asian Development Bank, 2007-06-01)
This paper examines whether increasing trade intensity among East Asian countries has led to a synchronization of business cycles. It extends the work of Shin and Wang (2004) in two ways: by (i) improving the specification of their business cycle ...
Time Preference and Natural Resource Use by Local Communities: The Case of Sinharaja Forest in Sri Lanka
(Asian Development Bank, 2007-08-01)
Empirical studies on the impact of the individual rate of time preference (IRTP) on natural resource use are scarce. This paper investigates the impact of IRTP on forest resources harvesting from the Sinharaja Man and Biosphere Reserve in Sri Lanka. ...
Measuring Regional Market Integration in Developing Asia: a Dynamic Factor Error Correction Model (DF-ECM) Approach
(Asian Development Bank, 2007-05-15)
This paper examines empirically the dynamic process of regional market integration in twelve Asian economies using a new modeling approach combining DF with ECM. This approach enables us to obtain latent regional dynamic factors which correspond well ...