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This paper provides up-to-date characterization of the association between trade and GDP comovement - also called the trade comovement slope- for 150 countries from 1962 to 2011. The paper shows that trade is significantly linked to more GDP correlation, either directly through bilateral trade,...
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We revisit the association between trade and GDP co-movement for 135 countries from 1970 to 2009. Guided by a simple theory, we introduce two notions of trade linkages: (i) the usual direct bilateral trade index and (ii) new indexes of common exposure to third countries capturing the role of...
Persistent link: https://www.econbiz.de/10012833540
We revisit the association between trade and GDP comovement for 135 countries from 1970 to 2009. Guided by a simple theory, we introduce two notions of trade linkages: (i) the usual direct bilateral trade index and (ii) new indexes of common exposure to third countries capturing the role of...
Persistent link: https://www.econbiz.de/10014048841
Global activity is a key driver of UK economic growth. Official estimates of world GDP and trade are only available … predicting large swings in world activity and have been particularly helpful since the onset of the financial crisis. A … combination of these indicators has performed much better at tracking world GDP and trade growth since 2008 than a simple …
Persistent link: https://www.econbiz.de/10013075977