IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-00456498.html
   My bibliography  Save this paper

La Chine : avenir du découplage asiatique ?

Author

Listed:
  • Catherine Figuière

    (LEPII - Laboratoire d'Economie de la Production et de l'Intégration Internationale - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique)

  • Laëtitia Guilhot

    (LEPII - Laboratoire d'Economie de la Production et de l'Intégration Internationale - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique)

Abstract

L'Asie Orientale est aujourd'hui engagée dans un processus d'intégration économique régionale. Elle regroupe désormais les dix pays de l'ASEAN (Association des Nations d'Asie du Sud Est), auxquels viennent s'ajouter la Chine, le Japon et la Corée du Sud (ASEAN + 3). La thèse défendue ici repose sur les limites actuelles de ce processus qui ne permet pas (encore) à l'Asie d'être protégée des aléas des conjonctures occidentales. Après avoir analysé l'impact de la crise qui démarre en août 2007 aux Etats-Unis pour se diffuser à partir de septembre 2008, sur les pays d'Asie Orientale, cette communication montrera que la "triangularisation" des échanges semble difficilement contournable à court ou moyen terme du fait de l'hétérogénéité des niveaux de développement des pays asiatiques. Le découplage réel s'avère donc difficile à envisager à court terme. Par ailleurs, les variétés de développement expliquent également les disparités entre les systèmes financiers nationaux ce qui rend plus difficile l'analyse de l'éventualité d'un découplage financier et ce qui éclaire que la plupart des pays asiatiques aient été touchés par la crise plus tardivement (par le réel et non directement par le financier, contrairement au Japon).

Suggested Citation

  • Catherine Figuière & Laëtitia Guilhot, 2010. "La Chine : avenir du découplage asiatique ?," Post-Print halshs-00456498, HAL.
    • Handle: RePEc:hal:journl:halshs-00456498
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00456498v1
    as

    Download full text from publisher

    File URL: https://shs.hal.science/halshs-00456498v1/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Soyoung Kim & Jong‐Wha Lee, 2012. "Real and Financial Integration in East Asia," Review of International Economics, Wiley Blackwell, vol. 20(2), pages 332-349, May.
    2. Laëtitia Guilhot, 2010. "Assessing the impact of the main East-Asian free trade agreements using a gravity model. First results," Economics Bulletin, AccessEcon, vol. 30(1), pages 282-291.
    3. Soyoung Kim & Jong‐Wha Lee & Cyn‐Young Park, 2011. "Emerging Asia: Decoupling or Recoupling," The World Economy, Wiley Blackwell, vol. 34(1), pages 23-53, January.
    4. Adams , Charles & Park, Donghyun, 2009. "Causes and Consequences of Global Imbalances: Perspective from Developing Asia," Asian Development Review, Asian Development Bank, vol. 26(1), pages 19-47.
    5. Lee, Jong-Wha & Park, Cyn-Young, 2008. "Global Financial Turmoil: Impact and Challenges for Asia's Financial Systems," Working Papers on Regional Economic Integration 18, Asian Development Bank.
    6. Rigg, Robert & Schou-Zibell, Lotte, 2009. "The Financial Crisis and Money Markets in Emerging Asia," Working Papers on Regional Economic Integration 38, Asian Development Bank.
    7. Françoise Lemoine & Deniz Ünal-Kesenci, 2002. "China in the International Segmentation of Production Processes," Working Papers 2002-02, CEPII research center.
    8. E. James, William, 2009. "US International Trade and the Global Economic Crisis," ADB Economics Working Paper Series 179, Asian Development Bank.
    9. Yu Yongding, 2010. "Asia: China's Policy Responses to the Global Financial Crisis," Journal of Globalization and Development, De Gruyter, vol. 1(1), pages 1-10, January.
    10. repec:ebl:ecbull:v:30:y:2010:i:1:p:282-291 is not listed on IDEAS
    11. Laëtitia Guilhot, 2010. "Assessing the impact of the main East-Asian free trade agreements using a gravity model. First results," Post-Print halshs-00451441, HAL.
    12. Lee, Chee Sung & Park, Cyn-Young, 2009. "Beyond the Crisis: Financial Regulatory Reform in Emerging Asia," Working Papers on Regional Economic Integration 34, Asian Development Bank.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Schou-Zibell, Lotte & Madhur, Srinivasa, 2010. "Regulatory Reforms for Improving the Business Environment in Selected Asian Economies - How Monitoring and Comparative Benchmarking Can Provide Incentive for Reform," Working Papers on Regional Economic Integration 40, Asian Development Bank.
    2. McKibbin, Warwick J. & Chanthapun, Waranya Pim, 2009. "Exchange Rate Regimes in the Asia-Pacific Region and the Global Financial Crisis," Working Papers on Regional Economic Integration 36, Asian Development Bank.
    3. Rigg, Robert & Schou-Zibell, Lotte, 2009. "The Financial Crisis and Money Markets in Emerging Asia," Working Papers on Regional Economic Integration 38, Asian Development Bank.
    4. Madhur, Srinivasa & Wignaraja, Ganeshan & Darjes, Peter, 2009. "Roads for Asian Integration: Measuring ADB's Contribution to the Asian Highway Network," Working Papers on Regional Economic Integration 37, Asian Development Bank.
    5. Rughoo, Aarti & You, Kefei, 2016. "Asian financial integration: Global or regional? Evidence from money and bond markets," International Review of Financial Analysis, Elsevier, vol. 48(C), pages 419-434.
    6. Catherine Figuière & Laëtitia Guilhot, 2010. "L'Asie d'une crise à l'autre : l'impact sur l'intégration régionale," Post-Print halshs-00493869, HAL.
    7. Yamamoto, Shugo, 2014. "Transmission of US financial and trade shocks to Asian economies: Implications for spillover of the 2007–2009 US financial crisis," The North American Journal of Economics and Finance, Elsevier, vol. 27(C), pages 88-103.
    8. repec:diw:diwwpp:dp1669 is not listed on IDEAS
    9. Soyoung Kim & Jong‐Wha Lee & Cyn‐Young Park, 2011. "Emerging Asia: Decoupling or Recoupling," The World Economy, Wiley Blackwell, vol. 34(1), pages 23-53, January.
    10. Rui Yang & Xin An & Yingwen Chen & Xiuli Yang, 2023. "The Knowledge Analysis of Panel Vector Autoregression: A Systematic Review," SAGE Open, , vol. 13(4), pages 21582440231, December.
    11. Jarko Fidrmuc & Iikka Korhonen, 2018. "Meta‐Analysis of Chinese Business Cycle Correlation," Pacific Economic Review, Wiley Blackwell, vol. 23(3), pages 385-410, August.
    12. repec:era:eriabk:2021-impact-of-the-atiga-on-intra-asean-trade is not listed on IDEAS
    13. Boubakri, Salem & Guillaumin, Cyriac, 2015. "Regional integration of the East Asian stock markets: An empirical assessment," Journal of International Money and Finance, Elsevier, vol. 57(C), pages 136-160.
    14. Guglielmo Maria Caporale & Kefei You, 2017. "Stock Market Integration in Asia: Global or Regional? Evidence from Industry Level Panel Convergence Tests," Discussion Papers of DIW Berlin 1669, DIW Berlin, German Institute for Economic Research.
    15. Sharada Nia Davidson, 2022. "Regional Integration and Decoupling in the Asia Pacific: A Bayesian Panel VAR Approach," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(4), pages 773-807, December.
    16. Vinokurov, Evgeny, 2009. "Systema Indikatorov Evraziyskoy Integracii [The System of Indicators of Eurasian Integration]," MPRA Paper 20914, University Library of Munich, Germany.
    17. Alyson C. Ma & Ari Van Assche, 2012. "Is East Asia's Economic Fate Chained to the West?," CIRANO Working Papers 2012s-11, CIRANO.
    18. Dewandaru, Ginanjar & Alaoui, Abdelkader & Masih, A. Mansur M. & Alhabshi, Syed Othman, 2013. "Comovement and resiliency of Islamic equity market: Evidence from GCC Islamic equity index based on wavelet analysis," MPRA Paper 56980, University Library of Munich, Germany.
    19. Baher Ahmed Elgahry, 2020. "Regional and Interregional Business Cycle Comovement in Europe, Asia, and North America," Economics Bulletin, AccessEcon, vol. 40(4), pages 3088-3103.
    20. Vinokurov, Evgeny, 2010. "The System of Indicators of Eurasian Integration," MPRA Paper 22227, University Library of Munich, Germany.
    21. Xu, Juanyi, 2011. "The optimal currency basket under vertical trade," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1323-1340.
    22. Hirata, Hideaki & Otsu, Keisuke, 2016. "Accounting for the economic relationship between Japan and the Asian Tigers," Journal of the Japanese and International Economies, Elsevier, vol. 41(C), pages 57-68.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-00456498. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.