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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Levchenko, Andrei
Weitere Verfasser: Di Giovanni, Julian
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2009.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2009/181
Online Zugang:Full text available on IMF