{"title":"美国和中国的增长冲击:对澳大利亚增长的影响","authors":"Lance A. Fisher, Hyeon-seung Huh, David Kim","doi":"10.1111/1759-3441.12276","DOIUrl":null,"url":null,"abstract":"<p>This paper estimates a block recursive VAR to evaluate the relative impacts of US and Chinese GDP growth shocks on Australia's growth, controlling for the impacts of these shocks on growth in three of Australia's other major trading partners. For the sample 1984–2016, shocks to US GDP growth have a larger impact on Australian GDP growth than do shocks to Chinese GDP growth. In rolling windows through the sample, the impact of Chinese GDP shocks on Australia's growth increases substantially. For the sub-sample 2000–2016, shocks to United States and Chinese GDP growth impact Australian GDP growth by the same magnitude.</p>","PeriodicalId":45208,"journal":{"name":"Economic Papers","volume":null,"pages":null},"PeriodicalIF":0.9000,"publicationDate":"2020-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/1759-3441.12276","citationCount":"0","resultStr":"{\"title\":\"Growth Shocks in the United States and China: Effects on Australia's Growth\",\"authors\":\"Lance A. Fisher, Hyeon-seung Huh, David Kim\",\"doi\":\"10.1111/1759-3441.12276\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>This paper estimates a block recursive VAR to evaluate the relative impacts of US and Chinese GDP growth shocks on Australia's growth, controlling for the impacts of these shocks on growth in three of Australia's other major trading partners. For the sample 1984–2016, shocks to US GDP growth have a larger impact on Australian GDP growth than do shocks to Chinese GDP growth. In rolling windows through the sample, the impact of Chinese GDP shocks on Australia's growth increases substantially. For the sub-sample 2000–2016, shocks to United States and Chinese GDP growth impact Australian GDP growth by the same magnitude.</p>\",\"PeriodicalId\":45208,\"journal\":{\"name\":\"Economic Papers\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.9000,\"publicationDate\":\"2020-02-12\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1111/1759-3441.12276\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economic Papers\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/1759-3441.12276\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Papers","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1759-3441.12276","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Growth Shocks in the United States and China: Effects on Australia's Growth
This paper estimates a block recursive VAR to evaluate the relative impacts of US and Chinese GDP growth shocks on Australia's growth, controlling for the impacts of these shocks on growth in three of Australia's other major trading partners. For the sample 1984–2016, shocks to US GDP growth have a larger impact on Australian GDP growth than do shocks to Chinese GDP growth. In rolling windows through the sample, the impact of Chinese GDP shocks on Australia's growth increases substantially. For the sub-sample 2000–2016, shocks to United States and Chinese GDP growth impact Australian GDP growth by the same magnitude.
期刊介绍:
Economic Papers is one of two journals published by the Economics Society of Australia. The journal features a balance of high quality research in applied economics and economic policy analysis which distinguishes it from other Australian journals. The intended audience is the broad range of economists working in business, government and academic communities within Australia and internationally who are interested in economic issues related to Australia and the Asia-Pacific region. Contributions are sought from economists working in these areas and should be written to be accessible to a wide section of our readership. All contributions are refereed.