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Large Firms and International Business Cycle Comovement

Julian di Giovanni, Andrei Levchenko and Isabelle Mejean ()

American Economic Review, 2017, vol. 107, issue 5, 598-602

Abstract: This paper investigates the role of the top 100 firms in France in aggregate business cycle comovement. We establish that the top 100 firms (i) are important in aggregate; (ii) exhibit stronger international linkages than the rest of the economy; and (iii) contribute substantially to aggregate comovement.

JEL-codes: D22 E32 F23 F44 (search for similar items in EconPapers)
Date: 2017
Note: DOI: 10.1257/aer.p20171006
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Handle: RePEc:aea:aecrev:v:107:y:2017:i:5:p:598-602