The Relationship between the Prices of Shipping Market and China’s Economy

Zhang, Junxiu and Tong, Zeping (2017) The Relationship between the Prices of Shipping Market and China’s Economy. Wuhan International Conference on e-Business.

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Abstract

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.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Industrial Engineering and Informatics > Information System
Depositing User: staff repository 1
Date Deposited: 20 Aug 2018 18:02
Last Modified: 20 Aug 2018 18:02
URI: http://repository.ittelkom-pwt.ac.id/id/eprint/3879

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