Journal ArticleDOI
International output synchronization at different frequencies
Sun Ho Hwang,Yun Jung Kim +1 more
TLDR
In this paper, the authors investigated whether output comovement patterns across countries differ at varying frequencies and examined how trade and financial integration affect synchronization at different frequencies, finding that bilateral trade intensity tends to be positively related, whereas bilateral portfolio holdings tend to be negatively related, to GDP synchronization.About:
This article is published in Economic Modelling.The article was published on 2021-11-01. It has received 2 citations till now.read more
Citations
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The Micro Origins of International Business Cycle Comovement
TL;DR: The authors investigated the role of individual firms in international business cycle comovement using data covering the universe of French firm-level value added, bilateral imports and exports, and cross-border ownership over the period 1993-2007.
Journal ArticleDOI
Trade openness and connectedness of national productions: Do financial openness, economic specialization, and the size of the country matter?
TL;DR: In this paper , the authors focus on the effects of trade openness on directional and bilateral connectedness and use a high-dimensional approach to measure their connectedness indicators and a fixed-effect panel model for regression.
References
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Journal ArticleDOI
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Manuel Arellano,Stephen Bond +1 more
TL;DR: In this article, the generalized method of moments (GMM) estimator optimally exploits all the linear moment restrictions that follow from the assumption of no serial correlation in the errors, in an equation which contains individual effects, lagged dependent variables and no strictly exogenous variables.
Report SeriesDOI
Initial conditions and moment restrictions in dynamic panel data models
Richard Blundell,Stephen Bond +1 more
TL;DR: In this paper, two alternative linear estimators that are designed to improve the properties of the standard first-differenced GMM estimator are presented. But both estimators require restrictions on the initial conditions process.
Journal ArticleDOI
Large sample properties of generalized method of moments estimators
Journal ArticleDOI
A Note on the Theme of Too Many Instruments
TL;DR: This article reviewed the evidence on the effects of instrument proliferation, and described and simulated simple ways to control it, and illustrated the dangers by replicating Forbes [American Economic Review (2000) Vol. 90, pp. 869-887] on income inequality and Levine et al. [Journal of Monetary Economics] (2000] Vol. 46, pp 31-77] on financial sector development.
Posted Content
The Endogeneity of the Optimum Currency Area Criteria
TL;DR: The authors investigated the relationship between international trade patterns and international business cycle correlations and found that countries with closer trade links tend to have more tightly correlated business cycles and were more likely to satisfy the criteria for entry into a currency union after taking steps toward economic integration than before.
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