Vertical Specialization and International Business Cycle Synchronization*
نویسندگان
چکیده
منابع مشابه
Globalization and Business Cycle Synchronization:
This paper empirically investigates the impact of globalization on the business cycle comovement of individual US states with the rest of the national economy and with the rest of world. Regressions with panel data over the period 1990-2005 provide strong evidence in support of the conventional wisdom that rising global integration over time, through either trade or foreign direct investment fl...
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The global economy is a complex dynamical system, whose cyclical fluctuations can mainly be characterized by simultaneous recessions or expansions of major economies. Thus, the researches on the synchronization phenomenon are key to understanding and controlling the dynamics of the global economy. Based on a pairwise maximum entropy model, we analyze the business cycle synchronization of the G7...
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ژورنال
عنوان ژورنال: Scandinavian Journal of Economics
سال: 2009
ISSN: 0347-0520,1467-9442
DOI: 10.1111/j.1467-9442.2009.01580.x