Arbeitspapier

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

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.

ISBN
978-952-462-905-8
Sprache
Englisch

Erschienen in
Series: BOFIT Discussion Papers ; No. 7/2008

Klassifikation
Wirtschaft
Business Fluctuations; Cycles
Economic Integration
Open Economy Macroeconomics
Thema
Business cycles
synchronization
trade
FDI
dynamic correlation

Ereignis
Geistige Schöpfung
(wer)
Fidrmuc, Jarko
Korhonen, Iikka
Bátorová, Ivana
Ereignis
Veröffentlichung
(wer)
Bank of Finland, Institute for Economies in Transition (BOFIT)
(wo)
Helsinki
(wann)
2008

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Fidrmuc, Jarko
  • Korhonen, Iikka
  • Bátorová, Ivana
  • Bank of Finland, Institute for Economies in Transition (BOFIT)

Entstanden

  • 2008

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