학술저널
Economic Integration of the Chinese Provinces
Economic Integration of the Chinese Provinces : A Business Cycle Approach
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제13권 제4호
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1998.12549 - 570 (22 pages)
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This paper uses correlation of business cycles to gauge the degree of economic integration of the Chinese provinces. The more integrated the provincial economies are, the stronger their correlations should be. Only the correlations between some provinces in eastern China are found to be consistently strong, suggesting that an integrated national economy is yet to be shaped. Secondly, the results imply that treating China as a single entity could be misleading, even at the macro level, especially in understanding China`s business cycles. (JEL Classification: E3, O1)
Ⅰ. Introduction
Ⅲ. Theoretical Framework
Ⅳ. Estimation of Correlation of Shocks
Ⅴ. Concluding Remarks
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