China in the world economy: dynamic correlation analysis of business cycles

Arbeitspapier

We analyze the business cycles in China and in selected OECD countries between 1992 and 2006 using dynamic correlations. Nearly all OECD countries showpositive correlations of the very short-run developments which may correspond to intensive supplier linkages. However, dynamic correlations at the business cycle frequencies are negative. Countries facing a comparably longer history of intensive trading links tend to show slightly higher correlations of business cycles with China. Even though trade and financial flows do not really increase correlations of business cycles between China and OECD countries, they lower the degree of business cycle synchronization within the OECD area.

Object Details

• ISBN: 978-952-462-905-8
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: BOFIT Discussion Papers ; No. 7/2008

Classification and Topics

• Classification: Wirtschaft ; Business Fluctuations; Cycles ; Economic Integration ; Open Economy Macroeconomics
• Subject: Business cycles ; synchronization ; trade ; FDI ; dynamic correlation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Fidrmuc, Jarko ; Korhonen, Iikka ; Bátorová, Ivana
• Event: Veröffentlichung
• (who): Bank of Finland, Institute for Economies in Transition (BOFIT)
• (where): Helsinki
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/212620
• Last update: 10.03.2025, 11:42 AM CET