International Business Cycle: Does Trade Matter?

Picci, Lucio (1995) International Business Cycle: Does Trade Matter? DOI 10.6092/unibo/amsacta/787.
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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
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Monograph (Working Paper)
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Picci, Lucio
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DOI
Deposit date
17 Jun 2004
Last modified
17 Feb 2016 14:04
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