Replication data for: Putting the Parts Together: Trade, Vertical Linkages, and Business Cycle Comovement
Principal Investigator(s): View help for Principal Investigator(s) Julian di Giovanni; Andrei A. Levchenko
Version: View help for Version V1
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Data_Programs | 10/12/2019 08:54:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 04:54:PM |
Project Citation:
di Giovanni, Julian, and Levchenko, Andrei A. Replication data for: Putting the Parts Together: Trade, Vertical Linkages, and Business Cycle Comovement. Nashville, TN: American Economic Association [publisher], 2010. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114174V1
Project Description
Summary:
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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 bilateral trade exhibit stronger comovement.
Vertical linkages in production are an important explanation
behind this effect: bilateral international trade increases comovement
significantly more in cross-border industry pairs that use each other
as intermediate inputs. Our estimates imply that these vertical production
linkages account for some 30 percent of the total impact of
bilateral trade on the business cycle correlation. (JEL E32, F14, F43)
Scope of Project
JEL Classification:
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E32 Business Fluctuations; Cycles
F14 Empirical Studies of Trade
F43 Economic Growth of Open Economies
E32 Business Fluctuations; Cycles
F14 Empirical Studies of Trade
F43 Economic Growth of Open Economies
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