haku: @journal_id 1464 / yhteensä: 220
viite: 69 / 220
| Tekijä: | Head, A. C. |
| Otsikko: | Aggregate fluctuations with national and international returns to scale |
| Lehti: | International Economic Review
2002 : NOV, VOL. 43:4, p. 1101-1125 |
| Asiasana: | Econometric models Capital Financial markets |
| Kieli: | eng |
| Tiivistelmä: | Cyclical movements in aggregate output, factor inputs, and productivity are all positively correlated across countries. The author proposes a model in which positive cross-country correlations of these variables result from increasing returns to the world-wide variety of intermediate goods even if technology shocks are purely country-specific. The model also accounts for the observed positive relationship between bilateral trade volume and international comovements. |
SCIMA