Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159075
Authors: 
Picci, Lucio
Year of Publication: 
1995
Series/Report no.: 
Quaderni - Working Paper DSE 232
Abstract: 
This paper addresses the question of whether trade interdependencies are significant in explaining the international synchronization of business cycles, or "international business cycles". Using an econometric framework that combines the concept of separate cointegration (Granger an Konishi, 1992) with that of common feature analysis (Engle and Kozicki, 1993; Vahid and Engle, 1993), we are able to formulate meaningful ways of characterizing the links between trade flow dynamics and international output dynamics. We conclude that trade interdependencies do have an effect in explaining the international business cycle.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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