China as an Integrated Area?
AbstractThis paper documents business cycles’ fluctuations in Chinese provinces. China’s de facto federalism, within a context of great geographical and economic diversity, suggests the great importance of policy coordination between provinces. We investigate the role of various potential determinants of provincial business cycles’ synchronization. We consider exogenous factors like distance and size as well as policy factors such as industrial, fiscal and trade policy. Results emphasize the benefits of domestic trade and local fiscal policy rationalization on the stabilization of output fluctuations. However, they also identify international trade and local economic policy heterogeneity as growing centrifugal forces.
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Bibliographic InfoArticle provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.
Volume (Year): 23 (2008)
Issue (Month): ()
China; business cycles’ co-movement; specialization; trade;
Find related papers by JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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- Jan Fidrmuc & Jarko Fidrmuc & Shuo Huang, 2013.
"Whither China? Reform and Economic Integration among Chinese Regions,"
CESifo Working Paper Series
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- Jan Fidrmuc & Jarko Fidrmuc & Shuo Huang, 2013. "Whither China? Reform and Economic Integration among Chinese Regions," CEDI Discussion Paper Series 13-01, Centre for Economic Development and Institutions(CEDI), Brunel University.
- Robert Dixon & David Shepherd, 2009.
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Department of Economics - Working Papers Series
1088, The University of Melbourne.
- Robert Dixon & David Shepherd, 2013. "Regional Dimensions of the Australian Business Cycle," Regional Studies, Taylor & Francis Journals, vol. 47(2), pages 264-281, February.
- Herrmann-Pillath, Carsten & Libman, Alexander & Yu, Xiaofan, 2014. "Economic integration in China: Politics and culture," Journal of Comparative Economics, Elsevier, vol. 42(2), pages 470-492.
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