Regionalization vs. Globalization PDF (Adobe DRM) download by Hideaki Hirata

Regionalization vs. Globalization

INTERNATIONAL MONETARY FUND
Publication date: January 2013
ISBN: 9781475592016
Digital Book format: PDF (Adobe DRM)

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Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the global, regional, and country-specific factors in explaining business cycles in a large sample of countries and regions over the period 1960-2010. We find that, since the mid-1980s, the importance of regional factors has increased markedly in explaining business cycles especially in regions that experienced a sharp growth in intra-regional trade and financial flows. By contrast, the relative importance of the global factor has declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business cycles.
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Regionalization vs. Globalization PDF (Adobe DRM) download by Hideaki Hirata
INTERNATIONAL MONETARY FUND, January 2013
ISBN: 9781475592016
EAN:  9781475592016
PDF (Adobe DRM)
List Price: $9.00 eBook price: $6.99
Regionalization vs. Globalization ePub (Adobe DRM) download by Hideaki Hirata
INTERNATIONAL MONETARY FUND, January 2013
ISBN: 9781616357153
EAN:  9781616357153
ePub (Adobe DRM)
List Price: $9.00 eBook price: $6.99
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