Deepening Interdependence or Decoupling Hypothesis In East Asia through Trade Transmission:

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The study investigates the relationship between trade integration and business cycle synchronization among Asian countries, focusing on the concepts of decoupling and re-coupling. It explores how increased trade can either synchronize or separate business cycles, depending on the nature of trade—inter-industry trade may lead to less synchronization due to specialization, while intra-industry trade could enhance it. The research includes detailed calculations of trade indices, utilizing original data from the IMF and World Bank to analyze these dynamics at both aggregate and industry levels.