Does International Trade Synchronize Business Cycles?
Heather Anderson,
Noh-Sun Kwark and
Farshid Vahid
No 8/99, Monash Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics
Abstract:
This paper studies the relationship between international trade and output fluctuations. The authors find evidence that the business cycles of countries that are more open to international trade are more likely to by synchronized with the business cycles of their major trading partners. A detailed study of the South Korean case shows that while business cycles are related to openness, the diversification of export destinations seems to weaken these links. The authors find no relationship between openness and output volatility.
Keywords: Coherence; Volatility; Business Cycles; Time Series (search for similar items in EconPapers)
JEL-codes: C32 E32 F49 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1999-06
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Citations: View citations in EconPapers (22)
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