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China’s Internal Borders: Evidence from the Business Cycle Correlations across Chinese Cities
Border effect Market integration Business cycle correlation
2011/4/2
We measure the correlations between two cities’ real GDP growth rates (a measure of business cycle correlations) to capture the degree of segmentation across China’s provincial and regional borders.
Business Cycle Asymmetry in China: Evidence from Friedman’s Plucking Model
business cycle plucking model asymmetry regime switching structural break
2011/4/1
Friedman’s plucking model of business fluctuations suggests that output cannot exceed an upper limit, or ceiling level, but it is occasionally plucked downward, with depth and steepness, due to recess...
Deflationary Expansion: an Overshooting Perspective to the Recent Business Cycle in China