Did Output Recover From the Asian Crisis?

Did Output Recover From the Asian Crisis?
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly after the crisis, there is evidence of permanent... READ MORE...

Publication date: March 2003
ISBN 9781451846751
$15.00

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