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Effects of bilateral trade and common trade exposure on business cycle synchronization: evidence from Korea

Kichun Kang

Applied Economics Letters, 2025, vol. 32, issue 4, 567-571

Abstract: This study provides evidence that the effect of international trade on business cycle synchronization (BCS) depends on both bilateral trade intensity and common trade exposure to other countries, using the data of (South) Korea over the period 1992–2021. As an indirect source of BCS, the effect of common trade exposure works strongly through trade in intermediate inputs rather than in final goods.

Date: 2025
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DOI: 10.1080/13504851.2023.2276356

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