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ZEPPELIN Chair of International Economics

Research Projects

China in the World Economy: Dynamic Correlation Analysis of Business Cycles

Project Description

We analyze globalization and the business cycles in China and selected OECD countries using dynamic correlation analysis. We show that dynamic correlations of business cycles of OECD countries and China are negative at the business cycle frequencies and positive for the short-run developments. Furthermore, trade and financial flows of OECD countries and China lower the degree of business cycle synchronization within the OECD area especially at the business cycle frequencies. Thus, different degree of participation in globalization can explain the differences between business cycles of the OECD countries


Project Duration

from 01.05.2011 through 31.12.2012

Project Head

Prof. Dr. Jarko Fidrmuc

Project Execution


eigenfinanziertes Forschungsprojekt