Duval, Romain A; Cheng, Kevin C.; Oh, Kum Hwa; Saraf, Richa - International Monetary Fund (IMF) - 2014
This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new … value-added trade data for 63 advanced and emerging economies during 1995–2012. In a panel framework, we identify a strong … positive impact of trade intensity on BCS—conditional on various controls, global common shocks and country …