Paul Armstrong-Taylor
Author information
Hopkins-Nanjing Center, Nanjing University, Nanjing 210093, China
E-mail: parmstro@hnc.nju.edu.cn
Using panel analysis of quarterly data from 14 developed countries between 1980 and 2012, I examine the channels by which GDP growth transmission has taken place, and how the transmission of growth has varied with time and global growth. I find that countries with large, open banking sectors and trade deficits tend to transmit growth more strongly than other countries. Transmission effects seem to have become stronger over time and are stronger in periods of slow economic growth.
trade links , financial links , contagion , financial crises , global recessions
Paul Armstrong-Taylor. Effects of Trade and Financial Links on the Transmission of GDP Growth. Front. Econ. China, 2014, 9(4): 556‒572 https://doi.org/10.3868/s060-003-014-0026-6
