The synchronization of GDP growth in the G7 during US recessions

Nikolaos Antonakakis; J. Scharler

doi:10.1080/13504851.2011.564126

The synchronization of GDP growth in the G7 during US recessions

Nikolaos Antonakakis, J. Scharler

Research output: Contribution to journal › Article › peer-review

Abstract

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.

Original language	English
Pages (from-to)	7-11
Number of pages	5
Journal	Applied Economics Letters
Volume	19
Issue number	1
DOIs	https://doi.org/10.1080/13504851.2011.564126
Publication status	Published - Jan 2012

Keywords

Dynamic conditional correlation
business cycle synchronization
recession

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10.1080/13504851.2011.564126

http://www.tandfonline.com/doi/full/10.1080/13504851.2011.564126

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The synchronization of GDP growth in the G7 during US recessions

Abstract

Keywords

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