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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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2009/181 |
| Online-ссылка: | Full text available on IMF |