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

Jing Liang (), Zehui Liang and Liang Dong
Additional contact information
Jing Liang: Dalian Maritime University, Department
Zehui Liang: Dalian Maritime University, Department
Liang Dong: Dalian Maritime University, Department

A chapter in Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024), 2024, pp 534-541 from Springer

Abstract: 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.

Keywords: BDI index; dry bulk trade; VAR; correlation research (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-488-4_60

Ordering information: This item can be ordered from
http://www.springer.com/9789464634884

DOI: 10.2991/978-94-6463-488-4_60

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().