Did Output Recover From the Asian Crisis?
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
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 losses in the levels of output in all of the countries studied.
Series:
Working Paper No. 2003/048
Subject:
Business cycles Consumption Economic growth Financial crises National accounts
English
Publication Date:
March 1, 2003
ISBN/ISSN:
9781451846751/1018-5941
Stock No:
WPIEA0482003
Pages:
26
Please address any questions about this title to publications@imf.org