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Author: | Abbott, A. Easaw, J. Xing, T. |
Title: | Trade integration and business cycle convergence: is the relation robust across time and space? |
Journal: | Scandinavian Journal of Economics
2008 : VOL. 110:2, p. 403-417 |
Index terms: | business cycles country comparisons economic integration |
Freeterms: | trade intensity |
Language: | eng |
Abstract: | This article studies the relationship between trade intensity and the business cycle correlation by using a panel data set taken from 24 countries over the period 1959-2003. The possibility that the business cycle correlation may be influenced by unobservable country-pair specific effects has not previously been taken into consideration. The estimates of this study, using both fixed- and random-effects methodologies, suggest that trade intensity and the business cycle correlation are positively related to one another. |
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