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  3. American Economic Review
  4. May 2017
  5. Large Firms and International Business Cycle Comovement

Large Firms and International Business Cycle Comovement

  • Julian di Giovanni
  • Andrei A. Levchenko
  • Isabelle Mejean
American Economic Review
vol. 107, no. 5, May 2017
(pp. 598-602)
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Abstract

This 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.

Citation

di 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

Additional Materials

JEL Classification

  • D22 Firm Behavior: Empirical Analysis
  • E32 Business Fluctuations; Cycles
  • F23 Multinational Firms; International Business
  • F44 International Business Cycles