Slower Growth and Vulnerability to Recession
Updating China's Global Impact
Bibliographic Data
| ID | 10493497 |
|---|---|
| Authors | Rod Tyers (0000-0003-3080-0415, University of Western Australia and Australian National University, corresponding author) |
| Year | 2016 |
| Volume | 63 |
| Issue | 1 |
| Pages | 66-88 |
| Publication date | 2016-01-16 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Scottish Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0036-9292 • E-ISSN: 1467-9485 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/sjpe.12111 |
| OpenAlex | W3122041236 |
| Language | EN |
| References cited | 32 |
China's comparatively rapid consumption growth since 2010 and its increasing economic similarity with advanced economies, imply that consumer and business confidence are now central to performance, changing its global impacts and rendering recession more likely. The international effects of its new growth pattern are quantified using a global macro model with national portfolio rebalancing. The transition to consumption‐led growth is shown to foster employment abroad while a major Chinese recession is shown to be damaging to the advanced economies and particularly to the US , the more so if China's policy response is expansionary and includes floating the RMB
China · Consumer confidence index · Consumption (sociology · Economics · Exchange rate · Financial economics · Geography · Global recession · Great recession · International economics · Keynesian economics · Macro · Macroeconomics · Monetary economics · Portfolio · Recession · Renminbi · Vulnerability (computing · Economic Growth and Productivity · Global Financial Crisis and Policies · Global trade and economics
| Highly cited | No |
|---|