Business Cycles Syncronaziation In Europe
Download Business Cycles Syncronaziation In Europe full books in PDF, epub, and Kindle. Read online free Business Cycles Syncronaziation In Europe ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Trade Integration and Business Cycle Synchronization
Author | : Mr.Romain A Duval |
Publisher | : International Monetary Fund |
Total Pages | : 46 |
Release | : 2014-04-03 |
Genre | : Business & Economics |
ISBN | : 1475523599 |
Download Trade Integration and Business Cycle Synchronization Book in PDF, Epub and Kindle
This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new value-added trade data for 63 advanced and emerging economies during 1995–2012. In a panel framework, we identify a strong positive impact of trade intensity on BCS—conditional on various controls, global common shocks and country-pair heterogeneity—that is absent when gross trade data are used. That effect is bigger in crisis times, pointing to trade as an important crisis propagation mechanism. Bilateral intra-industry trade and trade specialization correlation also appear to increase co-movement, indicating that not only the intensity but also the type of trade matters. Finally, we show that dependence on Chinese final demand in value-added terms amplifies the international spillovers and synchronizing impact of growth shocks in China.
Trade Integration and Business Cycle Synchronization Related Books
Pages: 46
Pages: 32
Pages: 197
Pages: 15
Pages: