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02055cas a2200277 a 4500 |
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|c 5.00 USD
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|z 9781475522464
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Duval, Romain.
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|a Trade Integration and Business Cycle Synchronization :
|b A Reappraisal with Focus on Asia /
|c Romain Duval, Kevin Cheng, Kum Hwa Oh, Richa Saraf.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2014.
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| 300 |
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|a 1 online resource (46 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a Cheng, Kevin.
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|a Hwa Oh, Kum.
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|a Saraf, Richa.
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|a IMF Working Papers; Working Paper ;
|v No. 2014/052
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2014/052/001.2014.issue-052-en.xml
|z IMF e-Library
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