The synchronization of GDP growth in the G7 during US recessions

被引：13

作者：

Antonakakis, Nikolaos ^{[2
]}

Scharler, Johann ^{[1
]}

机构：

[1] Univ Linz, Dept Econ, A-4040 Linz, Austria

[2] Vienna Univ Econ & Business, Dept Econ, Inst Int Econ, A-1090 Vienna, Austria

来源：

APPLIED ECONOMICS LETTERS | 2012年 / 19卷 / 01期

关键词：

dynamic conditional correlation; business cycle synchronization; recession; BUSINESS CYCLES; MODELS;

D O I：

10.1080/13504851.2011.564126

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using the Dynamic Conditional Correlation (DCC) model due to Engle (2002), we estimate time-varying correlations of quarterly real GDP growth among the G7 countries. In general, we find that rather heterogeneous patterns of international synchronization exist during US recessions. During the 2007-2009 recession, however, international co-movement increased substantially.

引用

页码：7 / 11

页数：5

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