Arbeitspapier
China's business cycles: Perspectives from an AD-AS model
This paper represents a first attempt to study China’s business cycles using a formal analytical framework, namely, a structural VAR model. It is found that: (a) demand shocks were the dominant source of macroeconomic fluctuations, but supply shocks had gained more importance over time; (b) the driving forces of demand shocks were consumption and fixed investment in the first cycle of 1985–90, but shifted to fixed investment and world demand in the second cycle of 1991–96 and the post-1997 deflation period; and (c) macroeconomic policies did not play an important part either in initiating or counteracting cyclical fluctuations.
- ISBN
-
9291906433
- Language
-
Englisch
- Bibliographic citation
-
Series: WIDER Research Paper ; No. 2004/54
- Classification
-
Wirtschaft
Business Fluctuations; Cycles
Economywide Country Studies: Asia including Middle East
Socialist Systems and Transitional Economies: National Income, Product, and Expenditure; Money; Inflation
- Subject
-
business cycle
structural VAR
demand shocks
supply shocks
China
Konjunktur
Schock
VAR-Modell
China
- Event
-
Geistige Schöpfung
- (who)
-
Zhang, Yin
Wan, Guanghua
- Event
-
Veröffentlichung
- (who)
-
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (where)
-
Helsinki
- (when)
-
2004
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Zhang, Yin
- Wan, Guanghua
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Time of origin
- 2004
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