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IBA faculty pens paper on business cycle exposures in Southeast Asian countries
IBA faculty Dr. Javed Iqbal, Associate Professor, Department of Mathematical Sciences, recently had his sole-authored paper published in the International Journal of Emerging Markets, an HEC-recognized X-category journal with impact factor indexed in the Web of Science, Social Science Citation Index. The paper estimates the business cycle exposures of manufacturing industries output of four Southeast Asian countries.
This paper estimates the sensitivities of the output of the manufacturing industries of the four Southeast countries (Indonesia, Malaysia, Philippines, Singapore) to both the country-specific and global business cycle fluctuations. The study investigates whether the business cycle exposures of these industries differ to their nature classified as producing durable or nondurable goods and also to booms and recessions. Using annual time series data on sectoral manufacturing production indices for major manufacturing industries over the period from 1999 to 2018, this paper uses the seemingly unrelated regression (SUR)–based generalized least square estimator to estimate the exposures of each industry for each of the four countries to local and world business cycle.
To read more: https://www.emerald.com/insight/content/doi/10.1108/IJOEM-08-2020-0884/full/html