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Wpływ porozumień handlowych na synchronizację gospodarki meksykańskiej z gospodarką światową / Impact of the Mexican trade agreements on its business cycle synchronization with the world economy

Author

Listed:
  • Wojciech Grabowski

    (University of Lodz)

  • Ewa Stawasz

    (University of Lodz)

  • Justyna Wieloch

    (University of Lodz)

Abstract

In this paper we evaluate the role of trading channels in the transmission of shocks on the basis of the business cycle synchronization between the Mexican and the world economy. In order to evaluate business cycle synchronization, parameters of 2-variate VAR models for GDP growths are estimated. Measures of instantaneous quasi-correlation coefficients are calculated for the period preceding the signing of an agreement and the period of validity of the agreement.

Suggested Citation

  • Wojciech Grabowski & Ewa Stawasz & Justyna Wieloch, 2015. "Wpływ porozumień handlowych na synchronizację gospodarki meksykańskiej z gospodarką światową / Impact of the Mexican trade agreements on its business cycle synchronization with the world economy," International Economics, University of Lodz, Faculty of Economics and Sociology, issue 12, pages 205-216, December.
    • Handle: RePEc:ann:inecon:y:2015:i:12:p:205-216
    as

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    References listed on IDEAS

    as
    1. Stéphane Dées & Nico Zorell, 2012. "Business Cycle Synchronisation: Disentangling Trade and Financial Linkages," Open Economies Review, Springer, vol. 23(4), pages 623-643, September.
    2. Imbs, Jean, 2006. "The real effects of financial integration," Journal of International Economics, Elsevier, vol. 68(2), pages 296-324, March.
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    More about this item

    Keywords

    trade agreements; business cycle synchronization; impulse response analysis;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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