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
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Englisch
- Bibliographic citation
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Series: Diskussionsbeiträge ; No. 2014/24
- Classification
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Wirtschaft
Business Fluctuations; Cycles
Open Economy Macroeconomics
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
- Subject
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business cycle dynamics
international goods and financial market integration
dynamic panel data models
global VAR model
- Event
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Geistige Schöpfung
- (who)
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Binder, Michael
Offermanns, Christian J.
- Event
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Veröffentlichung
- (who)
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Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
- (where)
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Berlin
- (when)
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2014
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Binder, Michael
- Offermanns, Christian J.
- Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
Time of origin
- 2014