Wavelet spectrum analysis of business cycles of China and G7 countries
We employ a wavelet spectrum analysis to study globalization and business cycles in China and G7 countries. The co-movement synchronization between G7 countries and China is shown to have undergone frequent and large changes during our sample period. The co-movements for business-cycle frequencies are generally different from those for other frequencies. We find a significant relationship between the time-varying wavelet measure of synchronization and trade only for business-cycle frequencies. The co-movements at longer frequencies are negatively related to trade, so that the overall co-movements and trade tend not to be significantly related.
Year of publication: |
2014
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Authors: | Fidrmuc, Jarko ; Korhonen, Iikka ; Poměnková, Jitka |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 21.2014, 18, p. 1309-1313
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Publisher: |
Taylor & Francis Journals |
Saved in:
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