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Real business cycles and Iran-Korea trade relations : A spectral analysis on gravity approach

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  • Real business cycles and Iran-Korea trade relations
  • Zamani, Zahra; Tayebi, Seyed Komail
  • The Association of Korean Economic Studies


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Title Real business cycles and Iran-Korea trade relations
Similar Titles
Sub Title

A spectral analysis on gravity approach

Material Type Articles
Author(English)

Zamani, Zahra; Tayebi, Seyed Komail

Publisher

[Seoul]:The Association of Korean Economic Studies

Date 2014-12
Journal Title; Vol./Issue Korea and the World Economy:vol. 15(no. 3)
Pages 22
Subject Country South Korea(Asia and Pacific)
Iran(Middle East)
Language English
File Type Link
Subject Economy < Trade
Holding AKES

Abstract

One channel of country specific shocks transmission across the world is through trade. That is, a business cycle has an impact on the domestic economy by influencing its exports directly through changes in export demand or indirectly through changes in the terms of trade (Lee et al., 2003). Calderón et al. (2003) show that countries with higher bilateral trade exhibit higher business cycle synchronization. However, research so far has neglected the question how trade relations are affected after business cycles occurring in a country and its trading partners whether simultaneously or not. This paper examines the hypothesis that business cycles affect Iran-Korea bilateral trade relations covering the period 1992-2011. To this end, the paper has analyzed moving correlations between bilateral trade and business cycles in both countries by using a dynamic method. In addition, it has studied how real business cycles affect co-movements of trade relations in both countries. (The rest omitted)