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Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia
Duval, Romain A; Cheng, Kevin C.; Oh, Kum Hwa; Saraf, Richa - International Monetary Fund (IMF) - 2014
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 …
Persistent link: https://www.econbiz.de/10011142047
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Africa’s Rising Exposure to China: How Large Are Spillovers Through Trade?
Drummond, Paulo; Liu, Estelle X. - International Monetary Fund (IMF) - 2013
The rapid growth in China’s domestic investment in recent decades has generated a large appetite for global goods, including from sub-Saharan Africa (SSA). This paper estimates the impact of changes in China’s investment growth on SSA’s exports. Although rising trading links...
Persistent link: https://www.econbiz.de/10011142109
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Rising BRICs and Changes in Sub-Saharan Africa’s Business Cycle Patterns
Diallo, Oumar; Tapsoba, Sampawende J.-A. - International Monetary Fund (IMF) - 2014
the RoW, but has also gradually drifted away from the G7 in favour of the BRICs. Trade with the BRICs turns out to be the … strongest driver of this shift. Much of this impact unfolds through aggregate demand impulse from trade. As fiscal policy …
Persistent link: https://www.econbiz.de/10011142171