Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212620 
Year of Publication: 
2008
Series/Report no.: 
BOFIT Discussion Papers No. 7/2008
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
We analyze the business cycles in China and in selected OECD countries between 1992 and 2006 using dynamic correlations. Nearly all OECD countries showpositive correlations of the very short-run developments which may correspond to intensive supplier linkages. However, dynamic correlations at the business cycle frequencies are negative. Countries facing a comparably longer history of intensive trading links tend to show slightly higher correlations of business cycles with China. Even though trade and financial flows do not really increase correlations of business cycles between China and OECD countries, they lower the degree of business cycle synchronization within the OECD area.
Subjects: 
Business cycles
synchronization
trade
FDI
dynamic correlation
JEL: 
E32
F15
F41
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-905-8
Document Type: 
Working Paper

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