Sectors and the OECD Business Cycle

Jean Imbs

No 2473, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper argues that economic structure is a robust determinant of the OECD business cycle. Countries that share similar manufacturing sectors are shown to display more synchronized business cycles. Interestingly, the well-established rule of trade impacting on rich countries' business cycles is thus mitigated, and its direct impact lessened. The structure of sectoral output also goes some way towards explaining idiosyncracies in the UK business cycle.

Keywords: Economic structure; International business cycles; Trade (search for similar items in EconPapers)
JEL-codes: E32 F41 (search for similar items in EconPapers)
Date: 2000-06
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Citations: View citations in EconPapers (12)

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