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Investigating growth spillovers from Europe

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  • Sanjay Kalra

Abstract

The paper characterizes trade exposure and regional integration in six ASEAN economies during 1997-2008. For this, the paper uses the 2000 Asian Input Output Tables which are extrapolated using National Income Accounts and COMTRADE data. On the demand side, the paper shows that the level and geographical nature of external exposure varies across the ASEANs, and has changed over time. In particular, there was a shift in the external demand exposure of ASEANs from mature markets, including the United States, to China and ROW. In addition, the share of China in East Asia’s final demand, especially investment, rose sharply while that of Japan fell. On the supply side, the paper documents the rise of China into a “global factory” and the steady shift in regional production and integration from Japan and the United States to China.

Suggested Citation

  • Sanjay Kalra, 2010. "Investigating growth spillovers from Europe," IMF Working Papers 2010/119, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2010/119
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    References listed on IDEAS

    as
    1. Tomoko Mori & Hitoshi Sasaki, 2007. "Interdependence of Production and Income in Asia-Pacific Economies: An International Input-Output Approach," Bank of Japan Working Paper Series 07-E-26, Bank of Japan.
    2. Peltonen, Tuomas A. & Pula, Gabor, 2009. "Has emerging Asia decoupled? An analysis of production and trade linkages using the Asian international input-output table," Working Paper Series 993, European Central Bank.
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