The great synchronization of international trade collapse

Antonakakis, Nikolaos ORCID: (2012) The great synchronization of international trade collapse. Economics Letters, 117 (3). pp. 608-614. ISSN 0165-1765


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In this paper we examine the extent of international trade synchronization during periods of international trade collapses and US recessions. Using dynamic correlations based on monthly trade data for the G7 economies over the period 1961-2011, our results suggest rather idiosyncratic patterns of international trade synchronization during collapses of international trade and US recessions. During the great recession of 2007-2009, however, international trade experienced the most sudden, severe and globally synchronized collapse. (author's abstract)

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published version may require a subscription. The original publication is available at
Keywords: International trade collapse / synchronization / recession / dynamic conditional correlation
Classification Codes: JEL C32, F15, F41, F43
Divisions: Departments > Volkswirtschaft > Internationale Wirtschaft
Version of the Document: Submitted
Variance from Published Version: Minor
Depositing User: Nikolaos Antonakakis
Date Deposited: 22 May 2014 09:01
Last Modified: 07 Nov 2019 09:10
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