China in the World Economy: Dynamic Correlation Analysis of Business Cycles

We analyze globalization and the business cycles in China and selected OECD countries using dynamic correlation analysis. We show that dynamic correlations of business cycles of OECD countries and China are negative at the business cycle frequencies and positive for the short-run developments. Furthermore, trade and financial flows of OECD countries and China lower the degree of business cycle synchronization within the OECD area especially at the business cycle frequencies. Thus, different degree of participation in globalization can explain the differences between business cycles of the OECD countries

Projektbeginn: 01.05.2011
Projektende: 31.12.2012

Prof. Dr. Jarko Fidrmuc, Dr. Iikka Korhonen, Mgr. Ivana Bátorová

Zeppelin University Friedrichshafen
Zeppelin-Lehrstuhl für Internationale Wirtschaftstheorie & -politik (eingerichtet 05 / 2011)

Am Seemooser Horn 20
88045 Friedrichshafen

Telefon: +49 7541 6009-1241
Fax: +49 7541 6009-1299
Email: jarko.fidrmuc@zu.de
http://www.zeppelin-university.de/deutsch/lehrstuehle/internationales_management/internationales_management_profil.php

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