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Whither China? Reform and Economic Integration among Chinese Regions

Wirtschaftswissenschaften

Autoren:
Fidrmuc, Jarko, Fidrmuc, Jan, Huang, Shuo
Titel:
Whither China? Reform and Economic Integration among Chinese Regions
Kurzzitat:
Fidrmuc, Jarko, Fidrmuc, Jan, Huang, Shuo: Whither China? Reform and Economic Integration among Chinese Regions, China Economic Review, 2015; Jg. 33 (1): 94-110: http://doi:10.1016/j.chieco.2014.12.007 (download: https://ideas.repec.org/p/ces/ceswps/_4220.html) .
Publikationstyp:
Originalarbeiten in wissenschaftlichen Fachzeitschriften mit Review-Verfahren
Abstract:
This paper investigates the changing nature of economic integration in China. Specifically, we consider business-cycle synchronization (correlation of demand and supply shocks) among Chinese provinces during the period 1955–2011. We find that the symmetry of supply shocks has declined after the liberalization initiated in 1978. In contrast, the correlation of demand shocks has increased during the same period. We then seek to explain these correlations by relating them to factors that proxy for interprovincial trade and vulnerability of regions to idiosyncratic shocks. Interprovincial trade and similarity in factor endowments tend to make shocks more symmetric. Surprisingly, foreign trade and inward FDI have little effect on the symmetry of shocks.
URL
http://doi:10.1016/j.chieco.2014.12.007
Kontakt:
Zeppelin-Lehrstuhl für Internationale Wirtschaftstheorie & -politik (eingerichtet 05 / 2011)

Am Seemooser Horn 20
88045 Friedrichshafen

Tel: +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
Forschungsbericht der Abteilung für das Jahr 2015