【摘要】 美国金融危机到底以何种方式在全球传播,以至于演变成全球经济海啸,一直是近几年学术界所关注的问题之一。本文以美国金融危机对外传播的贸易传染渠道为切入点,分析了美国金融危机通过贸易伙伴型传染和贸易竞争对手型传染这两个贸易传染子渠道对东亚新兴经济体的溢出程度。对面板数据进行的GLS实证结果显示,美国金融危机通过贸易传染渠道的溢出,与大部分东亚新兴经济体经济波动之间存在10%以上显著性水平的相关性,因而贸易传染渠道是美国金融危机对东亚溢出的一个重要机制。更多还原

【Abstract】 It has always been concerned by academia in recent years,that how the USA financial crisis spilled over the world and developed into a global financial tsunami.Basing on the transmission channel of international trade between the USA and East Asian emerging economies(EAEE),this article analyzes the degree of spillover from U.S.financial crisis to EAEE through trade partnership effect and trade competitor effect.The panel data shows that the impact of trade spillover channel of US financial crisis on the most EAEE exists with significance above 10%.And different sub-spillover channels work differently on every EAEE.更多还原