Trade Integration and Business Cycle Synchronization is popular PDF and ePub book, written by Mr.Romain A Duval in 2014-04-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Trade Integration and Business Cycle Synchronization can be Read Online from any device for your convenience.
Trade Integration and Business Cycle Synchronization Book PDF Summary
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.
Detail Book of Trade Integration and Business Cycle Synchronization PDF
- Author : Mr.Romain A Duval
- Release : 03 April 2014
- Publisher : International Monetary Fund
- ISBN : 9781475523591
- Genre : Business & Economics
- Total Page : 46 pages
- Language : English
- PDF File Size : 11,7 Mb
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