Singapore business cycles: a supply-side analysis.: An article from: ASEAN Economic Bulletin

This digital document is an article from ASEAN Economic Bulletin, published by Institute of Southeast Asian Studies (ISEAS) on April 1, 2003. The length of the article is 4719 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: This article employs a vector autoregressive (VAR) model to investigate the supply-side causes of business cycles in the small open economy of Singapore. The supply shocks examined are oil price, foreign technology, labour supply, productivity and wage shocks. The empirical results suggest that external and domestic technology shocks are responsible for the bulk of short-term output movements, while labour supply shocks are more important in the long run. In contrast, oil price and wage disturbances play negligible roles in macroeconomic fluctuations. These findings support the view that Singapore business cycles are caused by both domestic and international factors.

Citation Details
Title: Singapore business cycles: a supply-side analysis.
Author: Choy Keen Meng
Publication:ASEAN Economic Bulletin (Refereed)
Date: April 1, 2003
Publisher: Institute of Southeast Asian Studies (ISEAS)
Volume: 20 Issue: 1 Page: 1(10)

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