2016
DOI: 10.2139/ssrn.2741579
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The Effects of External Shocks on the Business Cycle in China: A Structural Change Perspective

Abstract: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz ge… Show more

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“…Hence, the study concludes that the trade channel is the most important channel through which external shocks permeate to the East Asian countries. In addition, Murach and Wagner (2021) use factor-augmented VAR to estimate the effect of external shocks in driving the business cycle in China. The study reveals that the confidence channel works through trade and financial channels to generate the business cycle in the economy.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Hence, the study concludes that the trade channel is the most important channel through which external shocks permeate to the East Asian countries. In addition, Murach and Wagner (2021) use factor-augmented VAR to estimate the effect of external shocks in driving the business cycle in China. The study reveals that the confidence channel works through trade and financial channels to generate the business cycle in the economy.…”
Section: Literature Reviewmentioning
confidence: 99%