Research on the Correlation Between BDI Index and China’s Major Dry Bulk Import Trade

DOI

10.2991/978-94-6463-488-4_60How to use a DOI?

Keywords

BDI index; dry bulk trade; VAR; correlation research

Abstract

In this paper, according to the existing literature, combing the BDI index and dry bulk trade related research content, the existing literature is mainly for the BDI index volatility, prediction and other economic indicators related research based on the preliminary analysis. At the same time, we have collated the overview of the BDI index and the trade status of China’s three major dry bulk cargoes, and the quantitative analysis part of this paper mainly uses the vector autoregressive model to study the correlation between the BDI index and China’s dry bulk trade in 2015-2023, and to analyze the impact size and the degree of impact between the BDI index and China’s dry bulk trade. After that, the gray correlation method is applied to supplement the analysis results. The research conclusion of this paper is: BDI index for iron ore import trade are positive impact, for soybean impact has positive and negative, both of the impact period is relatively short, the impact of the magnitude of the magnitude of the impact is relatively large; but the coal import trade volume of the BDI index shows a smaller response. And for the BDI index, China’s three major dry bulk import trade volume on its impact is very small, although China has become the world’s largest trading country, but still can not largely affect the international dry bulk freight prices.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jing Liang
AU  - Zehui Liang
AU  - Liang Dong
PY  - 2024
DA  - 2024/08/29
TI  - Research on the Correlation Between BDI Index and China’s Major Dry Bulk Import Trade
BT  - Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)
PB  - Atlantis Press
SP  - 534
EP  - 541
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-488-4_60
DO  - 10.2991/978-94-6463-488-4_60
ID  - Liang2024
ER  -