[go: up one dir, main page]

Logo
Munich Personal RePEc Archive

Linear and Nonlinear Growth Determinants: The Case of Mongolia and its Connection to China

Chu, Amanda M.Y. and Lv, Zhihui and Wagner, Niklas F. and Wong, Wing-Keung (2020): Linear and Nonlinear Growth Determinants: The Case of Mongolia and its Connection to China.

[thumbnail of MPRA_paper_99185.pdf]
Preview
PDF
MPRA_paper_99185.pdf

Download (486kB) | Preview

Abstract

We investigate growth determinants for Mongolia as a small emerging economy considering China as its large neighbor. Our causality analysis during January 1992 to August 2017 reveals significant linear and nonlinear relationships in growth explanation. China’s GDP and coal prices, together with some of their linear and nonlinear lagged components, predict Mongolia’s GDP, where a one percent increase in China’s GDP relates to an increase in Mongolia of 1.5 percent. Current exchange rates and the nonlinear components of lagged levels of consumer prices also explain growth. Our results underline the role of macroeconomic drivers of growth in emerging economies.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.