China's macroeconomic volatility - How important is the business cycle?

Laurenceson, James and Rodgers, Danielle (2010) China's macroeconomic volatility - How important is the business cycle?. China Economic Review, 21 2: 324-333. doi:10.1016/j.chieco.2010.02.003


Author Laurenceson, James
Rodgers, Danielle
Title China's macroeconomic volatility - How important is the business cycle?
Journal name China Economic Review   Check publisher's open access policy
ISSN 1043-951X
1873-7781
Publication date 2010-06
Sub-type Article (original research)
DOI 10.1016/j.chieco.2010.02.003
Volume 21
Issue 2
Start page 324
End page 333
Total pages 10
Place of publication Greenwich, Conn
Publisher Elsevier in cooperation with JAI Press/Chinese Economists Society
Collection year 2011
Language eng
Formatted abstract
The existing literature that discusses China's macroeconomic volatility during the reform period does so with overwhelming reference to the business cycle. However, the business cycle is only a subset of macroeconomic volatility that occurs within a particular frequency band. In this paper we decompose various macroeconomic series by frequency and find that much volatility occurs at lower than business cycle frequencies. This suggests that it is necessary to look beyond the construct of the business cycle in order to understand the nature of China's macroeconomic volatility, and beyond the usual demand side explanations in the discussion of causes. (C) 2010 Elsevier Inc. All rights reserved.
Keyword Business fluctuations
Cycles
Time-series
Growth
Fluctuation
Economy
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2011 Collection
School of Economics Publications
 
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Citation counts: TR Web of Science Citation Count  Cited 3 times in Thomson Reuters Web of Science Article | Citations
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Created: Sun, 30 May 2010, 00:06:55 EST