Tekijä: | Cook, D. |
Otsikko: | Market entry and international propagation of business cycles |
Lehti: | Journal of International Economics
2002 : JAN, VOL. 56:1, p. 155-175 |
Asiasana: | BUSINESS CYCLES COMPANY FORMATION INTERNATIONAL RELATIONS MARKET ENTRY |
Kieli: | eng |
Tiivistelmä: | In this paper, pro-cyclical market entry acts as an international transmission mechanism for business cycle shocks. In an imperfectly competitive dynamic equilibrium model, an expansion in one open economy leads to additional business formation in a parallel large open economy through demand spillovers. |
SCIMA