| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4660 |
| DP4660 Foreign Direct Investment and Spillovers: Gradualism May Be Better | |
| Klaus Desmet; Juan A Rojas | |
| 发表日期 | 2004-10-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper examines the properties of G-7 cycles using a multicountry Bayesian panel VAR model with time variations, unit specific dynamics and cross country interdependences. We demonstrate the presence of a significant world cycle and show that country specific indicators play a much smaller role. We detect differences across business cycle phases but, apart from an increase in synchronicity in the late 1990s, find little evidence of major structural changes. We also find no evidence of the existence of a euro area specific cycle or of its emergence in the 1990s. |
| 主题 | International Macroeconomics |
| 关键词 | Business cycle G7 Indicators Panel data Bayesian methods |
| URL | https://cepr.org/publications/dp4660 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533581 |
| 推荐引用方式 GB/T 7714 | Klaus Desmet,Juan A Rojas. DP4660 Foreign Direct Investment and Spillovers: Gradualism May Be Better. 2004. |
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