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China's increasing global influence: changes in international growth linkages

Citation

Bataa, E and Osborn, DR and Sensier, M, China's increasing global influence: changes in international growth linkages, Economic Modelling, 74 pp. 194-206. ISSN 0264-9993 (2018) [Refereed Article]

Copyright Statement

Copyright 2018 Elsevier B.V.

Official URL: https://www.sciencedirect.com/science/article/pii/...

DOI: doi:10.1016/j.econmod.2018.05.014

Abstract

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.

Item Details

Item Type:Refereed Article
Keywords:China, international growth, structural breaks, globalisation
Research Division:Human Society
Research Group:Policy and administration
Research Field:Economic development policy
Objective Division:Expanding Knowledge
Objective Group:Expanding knowledge
Objective Field:Expanding knowledge in economics
UTAS Author:Osborn, DR (Professor Denise Osborn)
ID Code:127417
Year Published:2018
Web of Science® Times Cited:6
Deposited By:TSBE
Deposited On:2018-07-26
Last Modified:2018-12-05
Downloads:0

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