EconPapers    
Economics at your fingertips  
 

The Synchronization of GDP Growth in the G7 during U.S. Recessions. Is this Time Different?

Nikolaos Antonakakis and Johann Scharler

No 2010-05, Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria

Abstract: Using the dynamic conditional correlation (DCC) model due to Engle (2002), we estimate time varying correlations of quarterly real GDP growth among the G7 countries. In general, we find that rathe heterogeneous patterns of international synchronization exist during U.S. recessions. During the 2007 - 2009 recession, however, international co-movement increased substantially.

Keywords: Dynamic conditional correlation; Business cycle synchronization; Recession (search for similar items in EconPapers)
JEL-codes: E3 E32 F4 F41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cba, nep-fdg, nep-mac and nep-opm
Date: 2010-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.econ.jku.at/papers/2010/wp1005.pdf (application/pdf)

Related works:
Working Paper: The Synchronization of GDP Growth in the G7 during U.S. Recessions. Is this Time Different? (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jku:econwp:2010_05

Access Statistics for this paper

More papers in Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria Contact information at EDIRC.
Bibliographic data for series maintained by René Böheim ().

 
Page updated 2019-11-03
Handle: RePEc:jku:econwp:2010_05