NDLI: Research on the Correlation of BDI and SSE Composite Index: Empirical Analysis from the Years of 2007-2009

Content Provider	IEEE Xplore Digital Library
Author	Bin Liu Wei Li Xiaoyu Liu Chao Liu
Copyright Year	2010
Abstract	The variations of Baltic Dry Index (BDI) and Shanghai Stock Exchange Composite Index (SSE Composite Index) over the last three years reflected the historical features of the world economy in financial crisis. In order to test the correlation of BDI and SSE Composite Index, the weekly average data of BDI and SSE Composite Index from 2007 to 2009 are taken as empirical sample data by statistical analyzing the curve graph and the scattered figure. The result indicates that BDI and SSE Composite Index are positively correlated. According to the empirical results, main conclusions are drawn as follows: First, SSE Composite Index accurately reveals China and the world's economy trend before and after the financial crisis. Second, the severe fluctuation of BDI reflects significant flux in shipping industry as a high-risk, high-return industry. Third, SSE Composite Index is more preferable than BDI as an indicator of China and the world's economy and shipping industry.
Starting Page	1
Ending Page	4
File Size	109713
Page Count	4
File Format	PDF
ISBN	9781424471591
e-ISBN	9781424471614
DOI	10.1109/ICEEE.2010.5660271
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-11-07
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Industries International trade Correlation Fluctuations Indexes Stock markets
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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