Measuring the Chinese business cycle
Measuring the Chinese business cycle
This article documents the business cycle characteristics of the Chinese economy by adopting both nonparametric and parametric methodologies. The two approaches are applied to relevant macroeconomics indicators – Gross Domestic Product (GDP) and Industrial Production (IP) indices – aiming to investigate the growth cycle (deviation cycle). We provide a clear chronology of the Chinese growth cycle. One significant characteristic of the Chinese growth cycle is the relatively direct influence of government policies. However, recently these policy effects have become less significant when compared to global economic influences. Our study provides an enhanced understanding of the properties of business cycle dating algorithms and as such contributes to future Chinese business cycle research
3988-4003
Becker, R.
0fa13707-f1f7-4a43-ba95-667b1933b2dd
Wang, Y.
3a880197-fe32-45fd-bd74-1949270e2ad8
2013
Becker, R.
0fa13707-f1f7-4a43-ba95-667b1933b2dd
Wang, Y.
3a880197-fe32-45fd-bd74-1949270e2ad8
Abstract
This article documents the business cycle characteristics of the Chinese economy by adopting both nonparametric and parametric methodologies. The two approaches are applied to relevant macroeconomics indicators – Gross Domestic Product (GDP) and Industrial Production (IP) indices – aiming to investigate the growth cycle (deviation cycle). We provide a clear chronology of the Chinese growth cycle. One significant characteristic of the Chinese growth cycle is the relatively direct influence of government policies. However, recently these policy effects have become less significant when compared to global economic influences. Our study provides an enhanced understanding of the properties of business cycle dating algorithms and as such contributes to future Chinese business cycle research
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Published date: 2013
Organisations:
Economics
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Local EPrints ID: 348210
URI: http://eprints.soton.ac.uk/id/eprint/348210
ISSN: 0003-6846
PURE UUID: b54df1ca-7cb2-49cd-a9c6-8fce2d408fc8
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Date deposited: 08 Feb 2013 15:20
Last modified: 14 Mar 2024 12:56
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Author:
R. Becker
Author:
Y. Wang
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