International transmission of business cycles: Evidence from dynamic correlations

Jarko Fidrmuc, Taro Ikeda and Kentaro Iwatsubo

Economics Letters, 2012, vol. 114, issue 3, 252-255

Abstract: We exploit dynamic correlations to estimate determinants of output comovement between OECD countries. Trade intensity, financial integration, and specialization patterns have significantly different effects on comovements at different frequencies. This sheds more light on previous results based on statistical filters.

Keywords: Business cycle; Financial integration; Frequency domain; Dynamic correlation (search for similar items in EconPapers)
JEL-codes: E3 F1 F4 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:114:y:2012:i:3:p:252-255

DOI: 10.1016/j.econlet.2011.10.025

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