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"This paper investigates the determinants of business cycle comovement between countries. Our dataset includes over 100 countries, both developed and developing. We search for variables that are 'robust' in explaining comovement, using the approach of Leamer (1983). Variables considered are (i) bilateral trade between countries; (ii) total trade in each country; (iii) sectoral structure; (iv) similarity in export and import baskets; (v) factor endowments; and (vi) gravity variables. We find that bilateral trade is robust. However, two variables that the literature has argued are important for business cycles' industrial structure and currency unions' are found not to be robust"--Federal Reserve Bank of Chicago web site.
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Business cyclesShowing 3 featured editions. View all 3 editions?
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1
Determinants of business cycle comovement: a robust analysis
2004, National Bureau of Economic Research
in English
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Determinants of business cycle comovement: a robust analysis
2004, Federal Reserve Bank of Chicago
Electronic resource
in English
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3
Determinants of business cycle comovement: a robust analysis
2004, National Bureau of Economic Research
Electronic resource
in English
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Book Details
Edition Notes
Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 10/5/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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- Created April 1, 2008
- 5 revisions
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December 11, 2020 | Edited by MARC Bot | import existing book |
July 29, 2012 | Edited by VacuumBot | Updated format '[electronic resource] :' to 'Electronic resource' |
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October 31, 2008 | Edited by ImportBot | add URIs from original MARC record |
April 1, 2008 | Created by an anonymous user | Imported from Scriblio MARC record |