Global S&T Development Trend Analysis Platform of Resources and Environment
Impact of the People’s Republic of China’s Slowdown on the Global Economy | |
[unavailable] | |
2017-10-03 | |
出版年 | 2017 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
![]() An economic crisis in the People’s Republic of China would be worse for developing Asian economies than for the world's developed countries. Across the world, researchers and business analysts are closely watching the People’s Republic of China (PRC), especially its recent economic slowdown. Asia and the Pacific region is anxious about the PRC’s slowdown, but the rest of the world has definite reason to worry about the consequences of a slowdown in the world’s second-largest economy. During the last few decades, the PRC has integrated strongly with Asia and also with the rest of the world. We investigate the impact of the PRC’s slowdown on the global economy. If there is a crisis in the PRC, how much does it affect developed and emerging or developing economies? Using a panel data model, we focus on these issues. We consider international linking variables for the period 2000–2012. Evidence based on panel data analysis for six developed countries (G6: United States, United Kingdom, Germany, Japan, Canada, and Australia) and four BRICS countries (G4: Brazil, Russian Federation, India, and South Africa) shows that the impact of the PRC’s slowdown is greater on emerging BRICS nations than on developed economies. The impact of the PRC’s GDP growth shock on the rest of emerging Asia is greater since it has a strong production network in East and Southeast Asia. So, the PRC’s slowdown certainly affects Asia more than developed economies. WORKING PAPER NO: 784 |
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来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/234304 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Impact of the People’s Republic of China’s Slowdown on the Global Economy,2017. |
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adbi-wp784.pdf(450KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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