Zervoyianni, Athina; Anastasiou, Athanasios - In: The Journal of International Trade & Economic Development 18 (2009) 1, pp. 79-114
This paper explores the relation between trade flows and cross-country symmetry of supply and demand shocks using data from the EU-27 countries. Increased bilateral trade intensity is found to have a positive impact on the correlation of both demand and supply shocks. Intra-industry trade is...
