Putting the Parts Together : Trade, Vertical Linkages, and Business Cycle Comovement /

Countries that trade more with each other exhibit higher business cycle correlation. This paper examines the mechanisms underlying this relationship using a large cross-country industry-level panel dataset of manufacturing production and trade. We show that sector pairs that experience more bilatera...

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গ্রন্থ-পঞ্জীর বিবরন
প্রধান লেখক: Levchenko, Andrei
অন্যান্য লেখক: Di Giovanni, Julian
বিন্যাস: পত্রিকা
ভাষা:English
প্রকাশিত: Washington, D.C. : International Monetary Fund, 2009.
মালা:IMF Working Papers; Working Paper ; No. 2009/181
অনলাইন ব্যবহার করুন:Full text available on IMF
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100 1 |a Levchenko, Andrei. 
245 1 0 |a Putting the Parts Together :   |b Trade, Vertical Linkages, and Business Cycle Comovement /  |c Andrei Levchenko, Julian Di Giovanni. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (55 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Countries that trade more with each other exhibit higher business cycle correlation. This paper examines the mechanisms underlying this relationship using a large cross-country industry-level panel dataset of manufacturing production and trade. We show that sector pairs that experience more bilateral trade exhibit stronger comovement. Vertical linkages in production are an important explanation behind this effect: bilateral international trade increases comovement significantly more in cross-border industry pairs that use each other as intermediate inputs. Our estimates imply that these vertical production linkages account for some 30% of the total impact of bilateral trade on the business cycle correlation. 
538 |a Mode of access: Internet 
700 1 |a Di Giovanni, Julian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/181 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2009/181/001.2009.issue-181-en.xml  |z IMF e-Library