How Does Globalization Affect the Synchronization of Business Cycles?
نویسندگان
چکیده
منابع مشابه
How Does Globalization Affect the Synchronization of Business Cycles?
The phenomenon of globalization, which refers to the rising trade and nancial integration of the world economy, has gathered steam in recent decades. The growth rate of world trade has been greater than that of world output in almost all years since 1960, and the cumulative increase in the volume of world trade is almost three times larger than that of world output over this period. A more dr...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2003
ISSN: 0002-8282
DOI: 10.1257/000282803321946804