International Business Cycle: Does Trade Matter?

Picci, Lucio (1995) International Business Cycle: Does Trade Matter? Bologna: Dipartimento di Scienze economiche DSE, p. 29. DOI 10.6092/unibo/amsacta/5081. In: Quaderni - Working Paper DSE (232). ISSN 2282-6483.
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Abstract

This paper addresses the question of whether trade interdependencies are significant in explaining the international synchronization of business cycles, or "international business cycles". Using an econometric framework that combines the concept of separate cointegration (Granger an Konishi, 1992) with that of common feature analysis (Engle and Kozicki, 1993; Vahid and Engle, 1993), we are able to formulate meaningful ways of characterizing the links between trade flow dynamics and international output dynamics. We conclude that trade interdependencies do have an effect in explaining the international business cycle.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Picci, Lucio
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ISSN
2282-6483
DOI
Deposit date
05 May 2016 10:43
Last modified
05 May 2016 10:43
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