Crisis and the Chinese miracle: A network—GVAR model
Konstantinos Konstantakis (),
Panayotis Michaelides (),
Livia Chatzieleftheriou and
Arsenios‐Georgios N. Prelorentzos
Bulletin of Economic Research, 2022, vol. 74, issue 3, 900-921
The present paper examines how the Chinese economy has managed to maintain its overall economic growth, and therefore its production, throughout the various crises, that is, the global crisis of 2007 and the E.U. structural crisis . The paper sets up a network‐global vector autoregressive (GVAR) model that is estimated simultaneously for all the economies in the model, capable of uncovering the dominant entities in the network system, in the time period 1992‐2017. According to our findings, the economies of the United States and EU17 are found to exhibit a dominant role in the GVAR system, which is confirmed using both node theory as well as econometric techniques. The results show that the Chinese economy is unaffected, in the long run, by unanticipated shocks in the dominant economies of the United States and EU17.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:buecrs:v:74:y:2022:i:3:p:900-921
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0307-3378
Access Statistics for this article
More articles in Bulletin of Economic Research from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().