6533b82cfe1ef96bd128eb05

RESEARCH PRODUCT

China Spillovers: New Evidence from Time-Varying Estimates

Davide FurceriDavide FurceriAleksandra ZdzienickaJoão Tovar JallesJoão Tovar Jalles

subject

ChinaEconomics and Econometrics050208 financeTime-varying estimateEconomic sectormedia_common.quotation_subject05 social sciencesCommodityDeveloping countryInternational economicsRecessionSpilloverShock (economics)Spillover effect0502 economics and businessEconomics050207 economicsEmerging marketsChinamedia_common

description

The recent “rebalancing” of China’s economy has raised concerns that the country’s growth slowdown may have large global implications. This note looks at this issue by analyzing the effects of China’s growth shocks on the output of other countries and how these effects have changed over time. Estimates indicate that the magnitude of China’s spillovers has steadily increased during the last two decades, but remains yet limited. Spillovers are larger in neighboring (Asian) countries and in emerging markets and developing economies. Trade linkages remain main transmission channels. In addition, a negative shock in China has (marginal) positive effects for net commodity importers while negative for net commodity exporters.

yearjournalcountryeditionlanguage
2017-01-19Open Economies Review
https://doi.org/10.1007/s11079-016-9430-z