Do permanent shocks explain income levels? a common cycle-common trend analysis of regional income levels for China Narayan, Paresh Kumar and Narayan, Seema 2008, Do permanent shocks explain income levels? a common cycle-common trend analysis of regional income levels for China, Pacific economic review, vol. 13, no. 5, pp. 656-662, doi: 10.1111/j.1468-0106.2008.00427.x. Attached Files Name Description MIMEType Size Downloads Title Do permanent shocks explain income levels? a common cycle-common trend analysis of regional income levels for China Author(s) Narayan, Paresh Kumar Narayan, Seema Journal name Pacific economic review Volume number 13 Issue number 5 Start page 656 End page 662 Publisher Wiley-Blackwell Publishing Asia Place of publication Richmond, Vic. Publication date 2008-12 ISSN 1361-374X 1468-0106 Summary In this paper, we analyse per capita income levels of China's three main regions: the western region, the eastern region and the central region using common cycle and common trend tests. Our main contribution is that we impose the common cycle and common trend restrictions in decomposing shocks into permanent and transitory components. We find that: (i) there is evidence for two cointegrating relationships and one common cycle; and (ii) the variance decomposition analysis of shocks provides evidence that over short horizons, permanent shocks play a large role in explaining variations in regional per capita incomes. Language eng DOI 10.1111/j.1468-0106.2008.00427.x Field of Research 140299 Applied Economics not elsewhere classified 140218 Urban and Regional Economics 140211 Labour Economics HERDC Research category C1 Refereed article in a scholarly journal HERDC collection year 2008 Copyright notice ©2008, Blackwell Publishing Asia Pty Ltd Persistent URL http://hdl.handle.net/10536/DRO/DU:30017871 Document type: Journal Article Collection: School of Accounting, Economics and Finance Related Links Link Description Connect to published version (restricted access) Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Fri, 14 Aug 2009, 13:58:09 EST Wed, 09 Sep 2009, 14:07:49 EST Wed, 09 Sep 2009, 14:09:17 EST Mon, 14 Jun 2010, 17:31:24 EST Mon, 16 Jun 2014, 12:18:45 EST Filtered Full Citation counts:   Cited 2 times in TR Web of Science Cited 2 times in Scopus Search Google Scholar Access Statistics: 648 Abstract Views, 1 File Downloads  -  Detailed Statistics Created: Fri, 14 Aug 2009, 13:58:09 EST

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