It takes the average reader and 47 minutes to read Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia by Mr. Romain A Duval
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This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new value-added trade data for 63 advanced and emerging economies during 1995–2012. In a panel framework, we identify a strong positive impact of trade intensity on BCS—conditional on various controls, global common shocks and country-pair heterogeneity—that is absent when gross trade data are used. That effect is bigger in crisis times, pointing to trade as an important crisis propagation mechanism. Bilateral intra-industry trade and trade specialization correlation also appear to increase co-movement, indicating that not only the intensity but also the type of trade matters. Finally, we show that dependence on Chinese final demand in value-added terms amplifies the international spillovers and synchronizing impact of growth shocks in China.
Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia by Mr. Romain A Duval is 46 pages long, and a total of 11,776 words.
This makes it 16% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 4 minutes to read Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia aloud.
Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia is suitable for students ages 8 and up.
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