The micro origins of international business cycle comovement
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- dc.contributor.author di Giovanni, Julianca
- dc.contributor.author Levchenko, Andrei A.ca
- dc.contributor.author Mejean, Isabelleca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2018-02-14T15:29:57Z
- dc.date.available 2018-02-14T15:29:57Z
- dc.date.issued 2017-02-06
- dc.date.modified 2018-02-14T15:29:23Z
- dc.description.abstract This paper investigates the role of individual firms in international business cycle comovement using data covering the universe of French firm-level value added and international linkages over 1993-2007. At the micro level, trade and multinational linkages with a particular foreign country are associated with a significantly higher correlation between a firm and that foreign country. The impact of direct linkages on comovement at the micro level has significant macro implications. Without those linkages the correlation between France and foreign countries would fall by about 0.098, or one-third of the observed average correlation of 0.291 in our sample of partner countries.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1574
- dc.identifier.citation American Economic Review
- dc.identifier.uri http://hdl.handle.net/10230/33878
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1574
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword comovement
- dc.subject.keyword international trade
- dc.subject.keyword firm-level shocks
- dc.subject.keyword large firms
- dc.subject.keyword Macroeconomics and International Economics
- dc.title The micro origins of international business cycle comovementca
- dc.title.alternative The Micro Origins of International Business-Cycle Comovement
- dc.type info:eu-repo/semantics/workingPaper