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来源类型Working Paper
规范类型报告
DOI10.3386/w13731
来源IDWorking Paper 13731
Trade, Production Sharing, and the International Transmission of Business Cycles
Ariel Burstein; Christopher Kurz; Linda Tesar
发表日期2008-01-09
出版年2008
语种英语
摘要Countries that are more engaged in production sharing exhibit higher bilateral manufacturing output correlations. We use data on trade flows between US multinationals and their affiliates as well as trade between the United States and Mexican maquiladoras to measure production-sharing trade and its link with the business cycle. We then develop a quantitative model of international business cycles that generates a positive link between the extent of vertically integrated production-sharing trade and internationally synchronized business cycles. A key assumption in the model is a relatively low elasticity of substitution between home and foreign inputs in the production of the vertically integrated good.
主题International Economics ; International Macroeconomics
URLhttps://www.nber.org/papers/w13731
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/571406
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GB/T 7714
Ariel Burstein,Christopher Kurz,Linda Tesar. Trade, Production Sharing, and the International Transmission of Business Cycles. 2008.
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