The Factors Affecting Business Cycle Volatility Based on Financial Market Size and Country Size Multiple-factor Analysis
International Journal of Economics, Finance and Management Sciences
Volume 5, Issue 6, December 2017, Pages: 321-326
Received: Dec. 27, 2017; Published: Dec. 28, 2017
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Shi Haoran, Department of Industrial Engineering, School of Business Administration, Northeastern University, Shenyang, China
An Gang, Department of International Economics and Trade, School of Business Administration, Northeastern University, Shenyang, China
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The main purpose of this paper is to investigate the relationship between business cycle volatility and country size and financial markets size within certain countries, using annual data for a sample of some typical countries having advanced financial market and those of China over 2000-2015. Then analyze the significance level of explaining variables and the type of effect. The main result reflects that for OECD countries, the impacts of population and stock market are all highest level significant and most keep stable after authors filter out the fluctuations, but for China population is a stable significant factor, while the influences of stock market depend on the data processing method and even the plus-minus and the significance of the regression coefficient can change due to the filter process and authors will elaborate the inner economic principles it reveals.
Business Cycle Volatility, Country Size, Financial Market Size, Panel Data Analyses
To cite this article
Shi Haoran, An Gang, The Factors Affecting Business Cycle Volatility Based on Financial Market Size and Country Size Multiple-factor Analysis, International Journal of Economics, Finance and Management Sciences. Vol. 5, No. 6, 2017, pp. 321-326. doi: 10.11648/j.ijefm.20170506.17
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