negative, but they are also influenced most by the global financial crisis. Finally, we find a significant link between trade …

countries between 1990 and 1999. It is shown that intraindustry trade actually causes the convergence of business cycles, while … there is no direct relation between business cycles and bilateral trade intensity. As far as intraindustry trade is … positively correlated with trade, the OCA endogeneity hypothesis is confirmed, although the argumentation follows Krugman (1993 …

though trade and financial flows do not really increase correlations of business cycles between China and OECD countries …

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. …

and positive for short-run developments. Furthermore, trade of OECD countries and China lowers the degree of business …

negative, but they are also influenced most by the global financial crisis. Finally, we find a significant link between trade …

negative, but they are also influenced most by the global financial crisis. Finally, we find a significant link between trade …