Time-varying impact of U.S. financial conditions on China's inflation: a perspective of different types of events

Feng, Yanhong; Chen, Shuanglian; Wang, Xuan; Tan, Yong

doi:10.3934/qfe.2021027

Cited by 18 publications

(4 citation statements)

References 53 publications

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“…Similar effects of the pandemic have been reported in Nigeria (Fafiolu andAlabi 2020), Egypt (Abu Hatab et al 2021), Ghana (Obese et al 2021), and Myanmar (Fang et al 2021). The impact of the pandemic has also been reported on energy supplies in China (Wu and Ma 2021) and other G7 countries (Awan et al 2021), on macroeconomic indicators such as inflation in China (Feng et al 2021), and on the supply chain for chicken feed (Attia et al 2022). In the United States and Europe-27, online shopping has increased sharply in the last decade; at the start, it accounted for only 11% of total retail trade (OECD-FAO.…”

Section: Impacts Of Covid-19 On the Production Processes And Gvc Of C...mentioning

confidence: 55%

Impacts of the COVID-19 Pandemic on the Production Costs and Competitiveness of the Brazilian Chicken Meat Chain

Belarmino,

Pabsdorf,

Padula

2023

Economies

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Sanitary requirements, geopolitical crises, and other factors that increase price volatility have an impact on the organization of markets and changes in investment policies and business strategies. The COVID-19 pandemic interrupted the trade of chicken meat, due to the drastic reduction in the circulation of goods, interrupted the supply of production chains, changed consumption habits, and made it difficult to reorganize business due to the slow resumption of operations by suppliers of inputs and in distribution logistics. The magnitude of these impacts has not been studied despite the high relevance of this economic dimension and the managerial implications for sector governance and trade management. The purpose of this study was to evaluate the economic impact of the COVID-19 pandemic on the production costs and competitiveness of the Brazilian chicken meat production chain. The methodology consisted of the detailed collection of information and data on private and social prices carried out using the Policy Analysis Matrix (PAM) method. The competitiveness coefficients and policy effects in the Brazilian broiler production chain before (2015) and during (2022) the COVID-19 pandemic were quantified and compared. Generally, the significant increases in the production costs of chicken meat (30.49%) caused a decrease in total factor productivity (−19.54%), a reduction in gross revenue, and lower tax collection. The pandemic has reduced the profitability of the chicken production chain in Brazil by 32.31%, reduced the competitiveness of exports, and worsened other economic indicators of the production chain. To the best of our knowledge, no other study has investigated the impacts of the COVID-19 pandemic on the competitiveness of the Brazilian chicken meat production chain. The PAM method allows for prices paid and received to be updated in real terms in projects representative of Brazil, the world leader in exports. This information is important for both national and international stakeholders. Additionally, this model is applicable to other meats traded in the international market, as it provides greater precision in business management and can estimate the impacts of risks on the availability or quality of food and health crises with robust results.

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Section: Impacts Of Covid-19 On the Production Processes And Gvc Of C...mentioning

confidence: 55%

Impacts of the COVID-19 Pandemic on the Production Costs and Competitiveness of the Brazilian Chicken Meat Chain

Belarmino,

Pabsdorf,

Padula

2023

Economies

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“…Fry [ 20 ], Rousseau and Wachtel [ 21 ], Jokipii and Monnin [ 22 ] argue that the real economy has always benefited from financial development, and this benefit becomes more pronounced as degree of financial development increases. To study the time-varying impact of the U.S. financial condition index (UFCI) on inflation in China, Feng et al [ 23 ] employ a TVP-VAR model which demonstrate that the UFCI affects inflation mainly through the Chinese financial market. Matei [ 24 ] finds that when a linear relationship is imposed, financial progress only has a short-term favorable impact on economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

The dynamic impact mechanism of China's financial conditions on real economy and international crude oil market

Li,

Jiang

2023

Heliyon

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“…The results show that TVP-VAR had the best robustness. Therefore, their model has been widely used in dynamic linkage between structure shocks [33]. Following the methodology of Nakajima, Kasuya and Watanabe [32], we can write the model as follows:…”

Section: Model Designmentioning

confidence: 99%

Will Oil Price Volatility Cause Market Panic?

Min

Wang

2022

Energies

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It is generally known that violent oil price volatility will cause market panic; however, the extent to which is worthy of empirical test. Firstly, this paper employs the TVP-VAR model to analyze the time-varying impacts of oil price volatility on the panic index using monthly data from January 1990 to November 2021. Then, after using the SVAR model to decompose the oil price volatility, this paper uses the PDL model to analyze the heterogeneous impacts of oil price volatility from different sources. Finally, based on the results of oil decomposition, this paper uses the TARCH model to analyze the asymmetric impacts of oil price volatility in different directions. The results show that: (1) oil price volatility can indeed cause market panic, and these impacts exhibit time-varying characteristics; (2) oil price volatility from different sources has different impacts on the panic index, and the order from high to low is oil-specific demand shocks, supply shocks, and aggregate demand shocks; and (3) oil price volatility has asymmetric impacts on the panic index, and positive shocks have greater impacts than negative.

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Time-varying impact of U.S. financial conditions on China's inflation: a perspective of different types of events

Cited by 18 publications

References 53 publications

Impacts of the COVID-19 Pandemic on the Production Costs and Competitiveness of the Brazilian Chicken Meat Chain

Impacts of the COVID-19 Pandemic on the Production Costs and Competitiveness of the Brazilian Chicken Meat Chain

The dynamic impact mechanism of China's financial conditions on real economy and international crude oil market

Will Oil Price Volatility Cause Market Panic?

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