Publikace na Fakulta sociálních věd |
2014
Abstrakt
We employ a wavelet spectrum analysis to study globalization and business cycles in China and G7 countries. The co-movement synchronization between G7 countries and China is shown to have undergone frequent and large changes during our sample period.
The co-movements for business-cycle frequencies are generally different from those for other frequencies. We find a significant relationship between the time- varying wavelet measure of synchronization and trade only for business-cycle frequencies.
The co-movements at longer frequencies are negatively related to trade, so that the overall co-movements and trade tend not to be significantly related.