Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102729
Authors: 
Binder, Michael
Offermanns, Christian J.
Year of Publication: 
2014
Series/Report no.: 
Discussion Paper, School of Business & Economics: Economics 2014/24
Abstract: 
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.
Subjects: 
business cycle dynamics
international goods and financial market integration
dynamic panel data models
global VAR model
JEL: 
E32
F41
C33
Document Type: 
Working Paper

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