Growth Shocks in the United States and China: Effects on Australia's Growth

Lance A. Fisher, Hyeon seung Huh, David Kim

Research output: Contribution to journalArticlepeer-review


This paper estimates a block recursive VAR to evaluate the relative impacts of US and Chinese GDP growth shocks on Australia's growth, controlling for the impacts of these shocks on growth in three of Australia's other major trading partners. For the sample 1984–2016, shocks to US GDP growth have a larger impact on Australian GDP growth than do shocks to Chinese GDP growth. In rolling windows through the sample, the impact of Chinese GDP shocks on Australia's growth increases substantially. For the sub-sample 2000–2016, shocks to United States and Chinese GDP growth impact Australian GDP growth by the same magnitude.

Original languageEnglish
Pages (from-to)185-203
Number of pages19
JournalEconomic Papers
Issue number3
Publication statusPublished - 2020 Sep 1

Bibliographical note

Publisher Copyright:
© 2020 The Economic Society of Australia

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)


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