"Share of Asia ex PRC Output Variance Due to External and Local Factors" "Figure 1b" "Sample: 1999Q1 2016Q2" "Variance Decomposition of AXCi" "Period","USA","VIX","D(WTRADE)","PRC","AXCi" "","US","VIX","World trade growth","PRC","Local" 1,,7.221762,4.013626125,7.551512,12.3298145,68.88328625 2,,25.02081375,10.995001,6.4609645,10.61872375,46.9045 3,,29.08863,11.59310625,6.587521375,11.62374425,41.106995 4,,29.266635,13.10321813,7.58335525,11.85376125,38.19303 5,,30.08909375,13.47119,7.58624425,11.54761425,37.30585875 6,,29.78027,13.6624225,8.17470075,11.81339525,36.5692125 7,,29.24208,13.29482263,9.11160075,12.6385045,35.71299125 8,,28.40784125,12.88698413,9.7449685,13.9086465,35.05155875 9,,27.95433625,12.49674513,10.16094663,14.88765125,34.50031875 10,,27.75398,12.24624563,10.43617775,15.48780813,34.07578875 ,,26.3825442,11.77633615,8.339799175,12.67096636,40.830354 "Cholesky Ordering: USA VIX D(WTRADE) PRC AXCi" "Source: ADB calculations using data from Bloomberg; CEIC; Oxford Economics; and World Bank. World Development Indicators. http://data.worldbank.org/data-catalog/world-development-indicators (accessed November 2016)." Asian Economic Integration Report | Data Catalogue Asia Regional Integration Center. Economic Research and Development Impact Department (ERDI). ASIAN DEVELOPMENT BANK