Did output recover from the Asian crisis?

被引:0
|
作者
Cerra, V [1 ]
Saxena, SC
机构
[1] IMF Inst, Pittsburgh, PA USA
[2] Univ Pittsburgh, Grad Sch Publ & Int Affairs, Pittsburgh, PA 15260 USA
来源
IMF STAFF PAPERS | 2005年 / 52卷 / 01期
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D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
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 the countries studied.
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页码:1 / 23
页数:23
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