Abstract Based on the annual information of 15 Asia-Pacific countries for the period of 2000-2010, this paper studies the impact of trade in part and component on regional business cycle synchronisation. The findings show that trade in part and component products has a positive effect on business cycle synchronization, and the similar industrial structure leads to more synchronised business cycle; at the same time, deeper financial integration weakens synchronisation. Our findings suggest that a multilateral cooperation between Asia-Pacific economies is necessary for stable growth.
SHAO Jun,LI Shuang. Trade in Part and Component Products and Business Cycle Synchronization between Asia-Pacific Economies. Economic Survey, 2014, 31(3): 048.
2014, Vol. 31 
