Examining the asymmetric behaviour of macroeconomic aggregates in Asian economies

Narayan, S and Narayan, P 2008, 'Examining the asymmetric behaviour of macroeconomic aggregates in Asian economies', Pacific Economic Review, vol. 13, no. 5, pp. 567-574.


Document type: Journal Article
Collection: Journal Articles

Title Examining the asymmetric behaviour of macroeconomic aggregates in Asian economies
Author(s) Narayan, S
Narayan, P
Year 2008
Journal name Pacific Economic Review
Volume number 13
Issue number 5
Start page 567
End page 574
Total pages 8
Publisher Blackwell Publishing Asia Pty
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.
Subject Environment and Resource Economics
Keyword(s) Symmetry
Macroeeconomic Aggregates
Asian countries
DOI - identifier 10.1111/j.1468-0106.2008.00426.x
Copyright notice © 2008 The Author Journal compilation © 2008 Blackwell Publishing Asia Pty Ltd.
ISSN 1468-0106
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