Arbeitspapier
Whither China? Reform and Economic Integration among Chinese Regions
This paper investigates the changing nature of economic integration in China. Specifically, we consider business-cycle synchronization (correlation of demand and supply shocks) among Chinese provinces during the period 1955-2007. We find that the symmetry of supply shocks has declined after the liberalization initiated in 1978. In contrast, the correlation of demand shocks has increased during the same period. We then seek to explain these correlations by relating them to factors that proxy for interprovincial trade and vulnerability of regions to idiosyncratic shocks. Interprovincial trade and similarity in factor endowments tend to make shocks more symmetric. Surprisingly, foreign trade and inward FDI have little effect on the symmetry of shocks.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 4220
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Economic Integration
Intergovernmental Relations; Federalism; Secession
- Thema
-
VAR model
business cycle synchronization
China
reform
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fidrmuc, Jan
Fidrmuc, Jarko
Huang, Shuo
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fidrmuc, Jan
- Fidrmuc, Jarko
- Huang, Shuo
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2013
Ähnliche Objekte (12)
Disintegration and trade
Foreign Languages and Trade
Integration, Disintegration and Trade in Europe: Evolution of Trade Relations During the 1990s
Integration, disintegration and trade in Europe: Evolution of trade relations during the 1990s
Disintegration and Trade
Stability of monetary unions: Lessons from the break-up of Czechoslovakia
Money Demand and Disinflation in Selected CEECs during the Accession to the EU
Democracy in transition economies: Grease or sand in the wheels of growth?
Migration and adjustment to shocks in transition economies
Political Economy of Fiscal Unions
Democracy in transition economies: Grease or sand in the wheels of growth?
Liberalization, democracy and economic performance during transition
Disintegration and trade
Foreign Languages and Trade
Integration, Disintegration and Trade in Europe: Evolution of Trade Relations During the 1990s
Integration, disintegration and trade in Europe: Evolution of trade relations during the 1990s
Disintegration and Trade
Stability of monetary unions: Lessons from the break-up of Czechoslovakia
Money Demand and Disinflation in Selected CEECs during the Accession to the EU
Democracy in transition economies: Grease or sand in the wheels of growth?
Migration and adjustment to shocks in transition economies
Political Economy of Fiscal Unions
Democracy in transition economies: Grease or sand in the wheels of growth?
Liberalization, democracy and economic performance during transition
Disintegration and trade
Foreign Languages and Trade
Integration, Disintegration and Trade in Europe: Evolution of Trade Relations During the 1990s
Integration, disintegration and trade in Europe: Evolution of trade relations during the 1990s
Disintegration and Trade
Stability of monetary unions: Lessons from the break-up of Czechoslovakia
Money Demand and Disinflation in Selected CEECs during the Accession to the EU
Democracy in transition economies: Grease or sand in the wheels of growth?
Migration and adjustment to shocks in transition economies
Political Economy of Fiscal Unions
Democracy in transition economies: Grease or sand in the wheels of growth?