International Business Cycle Synchronization: A Synthetic Assessment
Publication | August 2022
This paper presents findings from a study that synthetically assessed the three major transmission channels of international business cycles: trade, foreign direct investment (FDI), and portfolio flows between economies with multiple fixed effects.
Citable URL
Results showed that real and financial integration generates heterogeneous impacts on business cycle comovement. Trade integration and greenfield FDI lead business cycle comovements, likely due to deepening intra-industry trade and dense global value chains. Higher debt market integration is associated with more synchronized business cycle comovement, while equity integration leads to business cycle divergence.
Contents
- Introduction
- Literature Review
- Data and Empirical Specification
- Estimation Results
- Conclusion
Additional Details
| Authors | |
| Type | |
| Series | |
| Subjects |
|
| Pages |
|
| Dimensions |
|
| SKU |
|
| ISSN |
|
Related
Also in this Series
- Nowcasting from Space: Impact of Tropical Cyclones on Fiji’s Agriculture
- A Gender-Sensitive Earthquake Recovery Assessment Using Administrative and Satellite Data: The Case of Indonesia’s 2016 Aceh Earthquake
- Application of Machine Learning Algorithms on Satellite Imagery for Road Quality Monitoring: An Alternative Approach to Road Quality Surveys