کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
8947980 1645625 2018 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
China's increasing global influence: Changes in international growth linkages
ترجمه فارسی عنوان
نفوذ جهانی جهانی چین: تغییرات در ارتباطات رشد بین المللی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
Changes in linkages between growth in the USA, Euro area and China are investigated utilising an iterative procedure for detecting structural breaks in VAR coefficients and disturbance covariance matrix. We find dynamics to be unchanged and, accounting for volatility changes, cross-country correlations are constant until the end of 2007. Although largely isolated from the other large economies until 2007, growth in China is subsequently strongly related to that of the US and the Euro area. The effects are illustrated using generalised impulse responses and forecast error variance decompositions. The increased international synchronisation found may be associated with the effects of the Great Recession on the US and Euro area together with China's extraordinary export growth since joining the World Trade Organisation in 2001.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 74, August 2018, Pages 194-206
نویسندگان
, , ,