de Soyres, Francois; Gaillard, Alexandre - 2021
This paper revisits the relationship between trade and cross-country GDP correlation for 134 countries from 1970 to … 2009. We introduce two notions of trade linkages: (i) direct bilateral trade index and (ii) common exposure to "third …" countries capturing the role of trade networks . Both are economically and statistically associated with GDP correlation …