EconPapers    
Economics at your fingertips  
 

International Linkages and the Changing Nature of International Business Cycles

Wataru Miyamoto and Thuy Lan Nguyen

No 2018-16, CEI Working Paper Series from Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University

Abstract: We quantify the effects of changes in international input-output linkages on the nature of business cycles. We build a multi-sector multi-country international business cycle model that matches the input-output structure within and across countries. We find that, in our 23 countries sample with manufacturing and non-manufacturing sectors, changes in the international input-output linkages between 1970 and 2007 causes a 15% drop in output volatility in a median country, but the effects are heterogeneous across countries. Changing international linkages tend to stabilize output in most countries, while leading to a higher risk of a global recession.

Keywords: International business cycles; trade linkages; volatilities; input-output (search for similar items in EconPapers)
JEL-codes: E32 F31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge, nep-int, nep-mac and nep-opm
Date: 2019-02
Note: First version: July 2014. PRELIMINARY.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/30081/1/wp2018-16.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hit:hitcei:2018-16

Access Statistics for this paper

More papers in CEI Working Paper Series from Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University Contact information at EDIRC.
Bibliographic data for series maintained by Reiko Suzuki (). This e-mail address is bad, please contact .

 
Page updated 2019-06-14
Handle: RePEc:hit:hitcei:2018-16