Trade, production sharing, and the international transmission of business cycles
نویسندگان
چکیده
منابع مشابه
Trade, Production Sharing and the International Transmission of Business Cycles
This paper is motivated by three observations about the link between international trade and international business cycle synchronization: (1) a large increase in trade in manufactures over the last 30 years, (2) a larger fraction of trade between core and periphery regions relative to core regions is in the form of production sharing, (3) crosscountry output correlations have increased between...
متن کاملThe Synchronization of Business Cycles among Iran’s Trade Partners
In recent years, investigating synchronization of business cycles among countries, after increasing integration of global economies, has been attracted more attention of policy makers and researchers. Perhaps an unknown origin of such similarities, as an open question, is the main reason of these interests. So, with regard to the mentioned question, the aim of this paper is to investigate some ...
متن کاملTrade , International Business Cycles , and the Optimum Currency Area
This paper studies the co-movement of intra-Asian business cycles. Based on the regional bilateral trade statistics and using three de-trending techniques to examine several macroeconomic fundamentals, the negative trade effects prevailing in the cases of economic activity such as real GDP and industrial production indicate that tighter intraAsian trade may most likely lead to more idiosyncrati...
متن کاملBilateral Linkages and the International Transmission of Business Cycles
Comovement is more than correlation. This paper estimates the contributions of intermediate production linkages, trade patterns, and financial holdings on the directed graph of linkages that describe the international propagation of macroeconomic shocks at the business cycle frequency. The empirical methodology is a novel generalization of the panel vector autoregression (VAR) which nests both ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2008
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2008.03.004