{"id":117646,"date":"2024-01-22T20:37:30","date_gmt":"2024-01-22T19:37:30","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/117646\/"},"modified":"2024-11-07T04:48:44","modified_gmt":"2024-11-07T03:48:44","slug":"trade-synchronisation-during-major-economic-crises","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/117646\/","title":{"rendered":"Trade Synchronisation During Major Economic Crises"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-117646","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In this paper we present a new long-term database on monthly export and import series for 23 economies during 1921-2010 and its first empirical application. Using these data, we analyse the synchronised decline in foreign trade during the recession 2008-09 in a historical perspective. We investigate the following two research questions: First, we compare the degree of synchronisation of trade flows among the past major economic crises. Second, we investigate the synchronisation of the speed of the recovery after these recessions. In order to answer these questions we use both, descriptive statistics (like rolling correlations) and turning-point oriented measures (Bry-Boschan routine, Markov switching model).","onlinedate":"2013-05-13 02:00:00","lang":"English","publication_series":"","publication_date":"20130501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"56","keywords":"[\"Economic History KP_Berichte_Analysen\",\"Synchronisation\",\"Trade collapse\",\"Turning Points\"]","jelcodes":"[]","related_publications":"[]","pdf":347613,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"449","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3491,3500],"collaboration":"","persons":[3847,3872,3543],"persons_data":"[{\"personId\":3847,\"personName\":\"Susanne B\u00e4renthaler-Sieber\",\"organisationNames\":[]},{\"personId\":3872,\"personName\":\"Sandra Bilek-Steindl\",\"organisationNames\":[]},{\"personId\":3543,\"personName\":\"Christian Glocker\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>B\u00e4renthaler-Sieber, S.<\\\/span><span>, Bilek-Steindl, S.<\\\/span><span>, &amp; Glocker, C.<\\\/span> (2013). <span>Trade Synchronisation During Major Economic Crises<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (449). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/46708\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/46708<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>B\u00e4renthaler-Sieber S<\\\/span><span>, Bilek-Steindl S<\\\/span><span>, Glocker C<\\\/span>. <span class=\\\"title\\\"><span>Trade Synchronisation During Major Economic Crises<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2013 May;(449).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{077e704624d0415c97912a5e0f1f5a51,<\\\/div><div>  title    = \\\"Trade Synchronisation During Major Economic Crises\\\",<\\\/div><div>  abstract = \\\"In this paper we present a new long-term database on monthly export and import series for 23 economies during 1921-2010 and its first empirical application. Using these data, we analyse the synchronised decline in foreign trade during the recession 2008-09 in a historical perspective. We investigate the following two research questions: First, we compare the degree of synchronisation of trade flows among the past major economic crises. Second, we investigate the synchronisation of the speed of the recovery after these recessions. In order to answer these questions we use both, descriptive statistics (like rolling correlations) and turning-point oriented measures (Bry-Boschan routine, Markov switching model).\\\",<\\\/div><div>  keywords = \\\"Economic History KP\\\\_Berichte\\\\_Analysen, Synchronisation, Trade collapse, Turning Points, Economic History KP\\\\_Berichte\\\\_Analysen, Synchronisation, Trade collapse, Turning Points\\\",<\\\/div><div>  author   = \\\"Susanne B{\\\\\\\"a}renthaler-Sieber and Sandra Bilek-Steindl and Christian Glocker\\\",<\\\/div><div>  year     = \\\"2013\\\",<\\\/div><div>  month    = may,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Trade Synchronisation During Major Economic Crises<\\\/p><p>AU  - B\u00e4renthaler-Sieber, Susanne<\\\/p><p>AU  - Bilek-Steindl, Sandra<\\\/p><p>AU  - Glocker, Christian<\\\/p><p>PY  - 2013\\\/5<\\\/p><p>Y1  - 2013\\\/5<\\\/p><p>N2  - In this paper we present a new long-term database on monthly export and import series for 23 economies during 1921-2010 and its first empirical application. 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