| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8574 |
| DP8574 Medium Term Business Cycles in Developing Countries | |
| Luis Servén; Norman Loayza; diego comin; Farooq Pasha | |
| 发表日期 | 2011-09-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | Business cycle fluctuations in developed economies (N) tend to have large and persistent effects on developing countries (S). We study the transmission of business cycle fluctuations for developed to developing economies with a two-country asymmetric DSGE model with two features: (i) endogenous and slow diffusion of technologies from the developed to the developing country, and (ii) adjustment costs to investment flows. Consistent with the model we observe that the flow of technologies from N to S co-moves positively with output in both N and S. After calibrating the model to Mexico and the U.S., it can explain the following stylized facts: (i) U.S. and Mexican output co-move more than consumption; (ii) U.S. shocks have a larger effect on Mexico than in the U.S.; (iii) U.S. business cycles lead over medium term fluctuations in Mexico; (iv) Mexican consumption is more volatile than output. |
| 主题 | Development Economics ; International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Business cycles in developing countries Co-movement between developed and developing economies Volatility Extensive margin of trade Product life cycle Fdi |
| URL | https://cepr.org/publications/dp8574 |
| 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/537411 |
| 推荐引用方式 GB/T 7714 | Luis Servén,Norman Loayza,diego comin,et al. DP8574 Medium Term Business Cycles in Developing Countries. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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