Replication data for: Medium Term Business Cycles in Developing Countries
Principal Investigator(s): View help for Principal Investigator(s) Diego Comin; Norman Loayza; Farooq Pasha; Luis Serven
Version: View help for Version V1
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Project Citation:
Comin, Diego, Loayza, Norman, Pasha, Farooq, and Serven, Luis. Replication data for: Medium Term Business Cycles in Developing Countries. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114307V1
Project Description
Summary:
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We study the transmission of business cycle fluctuations for developed
(N ) to developing economies (S ) with a two-country, asymmetric,
DSGE model with endogenous development of new technologies
in N, and sunk costs of exporting and transferring the production
of the intermediate goods to S. Consistent with the data, the flow of
technologies from N to S co-moves positively with output in N and S;
shocks to N have a large effect on S; business cycles in N lead over
medium term fluctuations in S; the cross-correlation of outputs is
larger than consumption; and interest rates in S are countercyclical.
Scope of Project
JEL Classification:
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E13 General Aggregative Models: Neoclassical
E32 Business Fluctuations; Cycles
F14 Empirical Studies of Trade
F21 International Investment; Long-term Capital Movements
F32 Current Account Adjustment; Short-term Capital Movements
O19 International Linkages to Development; Role of International Organizations
O33 Technological Change: Choices and Consequences; Diffusion Processes
E13 General Aggregative Models: Neoclassical
E32 Business Fluctuations; Cycles
F14 Empirical Studies of Trade
F21 International Investment; Long-term Capital Movements
F32 Current Account Adjustment; Short-term Capital Movements
O19 International Linkages to Development; Role of International Organizations
O33 Technological Change: Choices and Consequences; Diffusion Processes
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