标题：The Endogeneity of the Optimum Currency Area Criteria in East Asia
作者机构：[Yu Xiaoping] Shandong Univ, Sch Econ, Jinan 250010, Peoples R China.
会议名称：International Conference on Technology Innovation and Industry Development
会议日期：SEP 17-18, 2010
来源：PROCEEDINGS OF THE 2010 INTERNATIONAL CONFERENCE ON TECHNOLOGY INNOVATION AND INDUSTRY DEVELOPMENT
关键词：trade intensity; business cycle synchronization; optimum currency area;; industrial specialization
摘要：This Paper develops and investigates the relationship between the intensity of trade, industrial specialization and business cycle synchronization in East Asia. Using 19 years of data for eight East Asia countries, and using panel model approach, we have an empirical finding: the increased intra-region trade increases the business-cycle co-movements, and industrial specialization is negative correlation with business-cycle synchronization. It follows that countries are more likely to satisfy the criteria for entry into a currency union after taking steps toward economic integration than before.