Determinants of business cycle comovement
Subtitle: a robust analysis
By: Marianne Baxter, Michael A. Kouparitsas.
Contributors: Kouparitsas, Michael A.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10725; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10725.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Business cycles.
Description: "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"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 1/10/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.