ARE NONLINEAR TRADING RULES PROFITABLE IN THE CHINESE STOCK MARKET?

2009 ◽  
Vol 05 (01) ◽  
pp. 0950002
Author(s):  
TERENCE TAI-LEUNG CHONG ◽  
TAU-HING LAM ◽  
MELVIN J. HINICH
Keyword(s):  
Stock Market ◽  
World Economy ◽  
Moving Average ◽  
Ar Model ◽  
Chinese Stock Market ◽  
Trading Rules ◽  
Threshold Autoregressive ◽  
International Attention ◽  
Rise Of China ◽  
The Rise Of China

The rise of China in the world economy has attracted a great deal of international attention. This paper investigates the performance of nonlinear self-exciting threshold autoregressive (SETAR) model-based trading rules in the Chinese stock market. We compare the performance of the SETAR model with the autoregressive (AR) model and the moving average (MA) trading rules. Our results indicate that trading rules are profitable in the B-share market, and that the nonlinear SETAR rule outperforms the other two linear rules in general.

Destabilizing the Semiperiphery: The Counterturn of China’s Ascendance in the World-Economy

2011 ◽  
Vol 10 (3-4) ◽  
pp. 365-385
Author(s):  
Vincent H. Shie ◽  
Chih-Yuan Weng
Keyword(s):  
Systems Theory ◽  
World Economy ◽  
World Systems ◽  
Global Development ◽  
World Systems Theory ◽  
Intermediate Group ◽  
The World ◽  
Rise Of China ◽  
The Rise Of China

Abstract In an article in Perspectives on Global Development and Technology (PGDT), Kwangkun Lee revisits the debate on whether the semiperiphery is persistent or short-lived in the long-term historical structure. Lee concludes that semiperipheries only have a brief lifespan due to their (assumed) polarizing tendency. We provisionally agree with Lee’s conclusion, but we diverge in our reasoning for upholding this hypothesis. Proponents of the World-Systems Theory claim that an intermediate group of states stabilizes the world-economy. For instance, Giovanni Arrighi posits that the semiperiphery will be persistent in the longue durée. But in our view, the rise of China will ultimately destabilize the so-called constant stratum of the semiperiphery.

scholarly journals Interdependent Hegemony: China’s Rise Under the Emerging New World Order

2018 ◽  
Vol 04 (02) ◽  
pp. 159-175
Author(s):  
Xing Li ◽  
Shengjun Zhang
Keyword(s):  
World Economy ◽  
World Order ◽  
Conceptual Tool ◽  
The World ◽  
Rise Of China ◽  
Capitalist World Economy ◽  
Basic Features ◽  
Emerging Powers ◽  
Changes Over Time ◽  
The Rise Of China

To better assess the global impact of the ascendance of emerging powers brought about by globalization, this paper attempts to provide a conceptual framework of “interdependent hegemony,” which can serve as an alternative conceptual tool for analyzing the dynamics between the role of emerging powers as a counter-hegemonic, socio-political force and the hegemonic resilience of the existing international order. The paper also regards the capitalist world economy as a dynamic system which is under constant changes over time, whereas certain basic features of the system remain in place. It is argued that despite the rise of emerging powers, the functioning of the world economy will always generate inequalities with positional changes in the stratification of the core-semiperiphery-periphery structure. In this context, the rise of China as both a recipient and provider of global production and investment is fundamentally a positive driving force behind the evolution of the world system.

Performance of Moving Average Trading Rules in a Volatile Stock Market: The Russian Evidence

2015 ◽  
Vol 52 (10) ◽  
pp. 2434-2450 ◽  
Author(s):  
Pasi Luukka ◽  
Eero Pätäri ◽  
Elena Fedorova ◽  
Tatiana Garanina
Keyword(s):  
Stock Market ◽  
Moving Average ◽  
Trading Rules
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