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dc.contributor.authorCashin, P.en
dc.contributor.authorMohaddes, K.en
dc.contributor.authorRaissi, M.en
dc.date.accessioned2016-04-22T15:02:09Z
dc.date.available2016-04-22T15:02:09Z
dc.date.issued2016-03-18en
dc.identifier.otherCWPE1618
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/255366
dc.description.abstractChina's GDP growth slowdown and a surge in global financial market volatility could both adversely affect an already weak global economic recovery. To quantify the global macroeconomic consequences of these shocks, we employ a GVAR model estimated for 26 countries/regions over the period 1981Q1 to 2013Q1. Our results indicate that (i) a one percent permanent negative GDP shock in China (equivalent to a one-off one percent growth shock) could have significant global macroeconomic repercussions, with world growth reducing by 0:23 percentage points in the short-run; and (ii) a surge in global financial market volatility could translate into a fall in world economic growth of around 0:29 percentage points, but it could also have negative short-run impacts on global equity markets, oil prices and long-term interest rates.en
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.subjectChina��s slowdownen
dc.subjectglobal financial market volatilityen
dc.subjectinternational business cycleen
dc.subjectGlobal VARen
dc.titleChina's Slowdown and Global Financial Market Volatility: Is World Growth Losing Out?en
dc.typeWorking Paperen
dc.identifier.doi10.17863/CAM.5823


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