Arbeitspapier

Globalization and international business cycle dynamics: A conditional GVAR approach

We examine the effects of increased international integration of both goods and financial markets on business cycle dynamics. To do so, we develop a new econometric framework for modelling cross-country spillovers in which the magnitude of these spillovers is an empirically determined function of the degree of a country's integration with international goods and financial markets. Our results suggest that the magnitude of cross-country spillovers for most country pairs has been increasing with strengthened goods and financial markets integration.

Language
Englisch

Bibliographic citation
Series: Diskussionsbeiträge ; No. 2014/24

Classification
Wirtschaft
Business Fluctuations; Cycles
Open Economy Macroeconomics
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Subject
business cycle dynamics
international goods and financial market integration
dynamic panel data models
global VAR model

Event
Geistige Schöpfung
(who)
Binder, Michael
Offermanns, Christian J.
Event
Veröffentlichung
(who)
Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
(where)
Berlin
(when)
2014

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Binder, Michael
  • Offermanns, Christian J.
  • Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft

Time of origin

  • 2014

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