Large Firms and International Business Cycle Comovement
- (pp. 598-602)
AbstractThis paper investigates the role of the top 100 firms in France in aggregate business cycle comovement. We establish that the top 100 firms (i) are important in aggregate; (ii) exhibit stronger international linkages than the rest of the economy; and (iii) contribute substantially to aggregate comovement.
Citationdi Giovanni, Julian, Andrei A. Levchenko, and Isabelle Mejean. 2017. "Large Firms and International Business Cycle Comovement." American Economic Review, 107 (5): 598-602. DOI: 10.1257/aer.p20171006
- D22 Firm Behavior: Empirical Analysis
- E32 Business Fluctuations; Cycles
- F23 Multinational Firms; International Business
- F44 International Business Cycles