The Relationship between the Prices of Shipping Market and China's Economy
نویسندگان
چکیده
To explore the relationship between the prices of shipping market and China's economy, this paper analyzes the data of BDI and China's GDP from 2000 to 2015. By stabilizing the BDI and GDP data, this paper identifies the one-way causal relationship between the BDI and China's GDP via the granger causality test. The conclusion shows that BDI effects China's GDP positively at rate of 22% by using impulse response function and variance decomposition method. Accordingly, this paper establishes VAR forecasting model of China's GDP, which has a good forecasting ability.
منابع مشابه
Dynamic Linkages between Exchange Rates and Stock Prices: Evidence from Iran and South Korea
The main purpose of present study is to analyze the relationship between stock and exchange markets in two Asian countries, Iran and South Korea. A monthly time series of stock price and exchange rate are used over the period 2002: 05 - 2012: 03. The data is collected from the Central Bank of each country and WDI. The calculated stock return and real exchange rate change are used in analysis....
متن کاملThe Impact of Oil and Gold Prices’ Shock on Tehran Stock Exchange: A Copula Approach
There are several researches that deal with the behavior of SEs and their relationships with different economical factors. These range from papers dealing with this subject through econometrical procedures to statistical methods known as copula. This article considers the impact of oil and gold price on Tehran Stock Exchange market (TSE). Oil and gold are two factors that are essential for the ...
متن کاملAn Analysis of Shocks Affecting House Prices in Iran and Its Convergence with the Housing Market in Selected Countries
The housing sector is one of the most important economic sectors in terms of household expenditure and GDP and its role in changing macroeconomic index such as economic growth and employment. Given the importance of the housing sector in the economy and there is a lot of volatility in this sector, in this study, the factors affecting the price of housing has been Including stock indices, liquid...
متن کاملنوسانات بازار سهام و سیاست پولی در ایران
This paper investigates the relationship between monetary policy and stock market fluctuations for Iranian economy within a DSGE model. This study models the role of monetary policy in two monetary regimes including money growth and Taylor rule with traditional factors and optimal simple rule in the new Keynesian monetary framework with nominal wage and price rigidities in the Iranian economy. ...
متن کاملStock Market Bubbles and Business Cycles: A DSGE Model for the Iranian Economy
T his paper investigates the movement between stock market bubbles and fluctuations in aggregate variables within a DSGE model for the Iranian economy. We apply a new Keynesian monetary framework with nominal rigidity in wages and prices based on the study by Ikeda (2013), which is developed with appropriate framework for the Iranian economy. We consider central bank behavior differe...
متن کامل