Hondroyiannis, George; Kelejian, Harry; Tavlas, George - In: Spatial Economic Analysis 4 (2009) 2, pp. 191-211
Abstract A spatial model is used to specify and then test for the existence of contagion among emerging market … economies. We consider both trade and regional channels of contagion. Our results suggest that contagion is a statistically … results also suggest that trade links are significant channels of contagion transmission; on the other hand, geographic …