Equivalence Gain of the Global Financial Crisis: A Note-Reference-Cited by-同舟云学术

Equivalence Gain of the Global Financial Crisis: A Note

Published:2020-07-10 Issue:1 Volume:20 Page:111-121
ISSN:0976-7479
Container-title:Arthaniti: Journal of Economic Theory and Practice
language:en
Short-container-title:Arthaniti: Journal of Economic Theory and Practice

Author:

Lee Chui Ying¹,Kaneko Shinji¹,Yoshida Yuichiro¹,Hangcheng Sun²,Ichihashi Masaru¹,Fukuda Katsufumi³

Affiliation:

1. Graduate School of Humanities and Social Sciences, Hiroshima University, Higashi-Hiroshima, Hiroshima, Japan.

2. Software Service Inc. Nishi-Miyahara 2-6-1, Yodogawa-Ward, Osaka, Japan.

3. School of Global Studies, Chukyo University, Showa-ku, Nagoya, Aichi, Japan.

Abstract

By using the methodologies of Grinols (1984 , Journal of International Economics, 16[3–4], 271–293) and Grinols and Wong (1991 , Canadian Journal of Economics, 24[2], 428–449), we estimate the magnitudes of the welfare changes of China during the global financial crisis from 2007 to 2010. The results show that China’s welfare decreased in 2007, and the bursting of the housing bubble in the USA negatively affected China through international trade. However, the collapse of Lehman Brothers did not negatively affect China from 2008 to 2010. This may be because of the fiscal and monetary stimulus policies in the USA and China. JEL: F00, F53, F62

Publisher

SAGE Publications

Link

http://journals.sagepub.com/doi/pdf/10.1177/0976747920934341

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