American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …

American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …

American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …

The integration of China into the global economy is one of the most spectacular events in economic history. This paper … to explore interdependencies between business cycles in China and industrial countries, including the US, the euro area … and Japan. For robustness, the results are compared to those obtained from leading structural models, such as NiGEM and …

unidirectional causality from the US GDP to Japan, Taiwan, Korea, and China. But the slump in the US stock price indices will cause … the stock market recession in Japan, Korea, and Taiwan, but not China …

model the interdependencies between the business cycles in China and industrial countries, including the US, the euro area … and Japan. For robustness, the results are compared to those obtained by leading structural econometric models, such as … reveals that China is still highly vulnerable to shocks in industrial countries, including the government debt crisis in the …

, throughout the period of analysis, the U.S. (1980s and 2000s) and Japan (1970s and 2000s) have been the major transmitters of …