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1、ADBWorkingPaperSeriesonRegionalEconomicIntegrationThe2008FinancialCrisisandPotentialOutputinAsia:ImpactandPolicyImplicationsCyn-YoungPark,RupertoMajuca,andJosefYapNo.45
2、April2010ADBWorkingPaperSeriesonRegionalEconomicIntegrationThe2008FinancialCrisisandPotentialOutputinAsia:ImpactandPo
3、licyImplicationsCyn-YoungPark,+RupertoMajuca,++SubmittedinpartialfulfillmentofrequirementsunderAsianDevelopmentBankContractNo.S20318underTA-6459andJosefYap+++(REG):TheAsiaRegionalIntegrationCenter(ARIC),PhaseII.TheauthorsacknowledgethecontributionsofDr.JoseNo.45April2010RamonG.Albert,S
4、eniorResearchFellowatPIDSwhodidtheeconometricestimatesforthegrowthmodelusingSTATAsoftware;andMichaelAngeloA.Cokee,whodidtheMarkovswitchingestimatesofpotentialoutputusingGAUSSsoftware.TheexcellentresearchassistanceofFatimaLourdesE.DelPradoandMaureenAneD.Rosellon,ResearchSpecialistsatPID
5、S,andRogelioMercadoandTheresaRoblesofOREI,isalsoacknowledged.Theusualdisclaimerapplies.+Cyn-YoungParkisPrincipalEconomist,OfficeofRegionalEconomicIntegration,AsianDevelopmentBank,6ADBAvenue,MandaluyongCity,1550MetroManila,Philippines.Tel+6326325473,Fax+6326362342,cypark@adb.org++Rupert
6、oMajucaisResearchFellowofPhilippineInstituteforDevelopmentStudies(PIDS),NationalEconomicDevelopmentAuthority(NEDA)Bldg.,106AmorsoloSt.,LegaspiVillage,Makati,Philippines.Tel.+6328939585-92,Fax+6328106261,jyap@pids.gov.ph+++JosefYapisthePresidentofPhilippineInstituteforDevelopmentStudies
7、(PIDS),NationalEconomicDevelopmentAuthority(NEDA)Bldg.,106AmorsoloSt.,LegaspiVillage,Makati,Philippines.Tel+6328939591,8939592,Fax+6328106261,rmajuca@pids.gov.phTheADBWorkingPaperSeriesonRegionalEconomicIntegrationfocusesontopicsrelatingtoregionalcooperationandintegrationintheareasofin
8、frastructureandsoftware,tradeandinvestment,moneyandfinance,andregionalpublicgoods.TheSeriesisaquick-disseminating,informalpublicationthatseekstoprovideinformation,generatediscussion,andelicitcomments.WorkingpaperspublishedunderthisSeriesmaysubsequentlybepublishedelsewhere.Disclaimer:
