Does International Trade Really Lead To Business Cycle Synchronization?-A Panel Data Approach*

Michael Artis, Toshihiro Okubo

研究成果: Article査読

18 被引用数 (Scopus)

抄録

In this paper we re-estimate the correlation between trade and business cycle synchronization. Different from other previous studies, we use long-run GDP and trade data and use the GDP cross-correlation index à la Cerqueira and Martins (Economics Letters, Vol. 102 (2009), pp. 106-108) rather than overtime cross-correlations. We find a positive impact of trade on business cycle synchronization particularly in the current wave of globalization, although the interwar period sees negative impacts. The current economic integration and currency unions also positively affect business cycle synchronization.

本文言語English
ページ(範囲)318-332
ページ数15
ジャーナルManchester School
79
2
DOI
出版ステータスPublished - 2011 3 1
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学

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