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Research on the Correlation Between BDI Index and China’s Major Dry Bulk Import Trade

In: Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)

Author

Listed:
  • Jing Liang

    (Dalian Maritime University, Department)

  • Zehui Liang

    (Dalian Maritime University, Department)

  • Liang Dong

    (Dalian Maritime University, Department)

Abstract

In this paper, according to the existing literature, combing the BDI index and dry bulk trade related research content, the existing literature is mainly for the BDI index volatility, prediction and other economic indicators related research based on the preliminary analysis. At the same time, we have collated the overview of the BDI index and the trade status of China’s three major dry bulk cargoes, and the quantitative analysis part of this paper mainly uses the vector autoregressive model to study the correlation between the BDI index and China’s dry bulk trade in 2015-2023, and to analyze the impact size and the degree of impact between the BDI index and China’s dry bulk trade. After that, the gray correlation method is applied to supplement the analysis results. The research conclusion of this paper is: BDI index for iron ore import trade are positive impact, for soybean impact has positive and negative, both of the impact period is relatively short, the impact of the magnitude of the magnitude of the impact is relatively large; but the coal import trade volume of the BDI index shows a smaller response. And for the BDI index, China’s three major dry bulk import trade volume on its impact is very small, although China has become the world’s largest trading country, but still can not largely affect the international dry bulk freight prices.

Suggested Citation

  • Jing Liang & Zehui Liang & Liang Dong, 2024. "Research on the Correlation Between BDI Index and China’s Major Dry Bulk Import Trade," Advances in Economics, Business and Management Research, in: Junfeng Liao & Hongbo Li & Edward H. K. Ng (ed.), Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024), pages 534-541, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-488-4_60
    DOI: 10.2991/978-94-6463-488-4_60
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