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https://hdl.handle.net/10419/30132
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DC Field | Value | Language |
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dc.contributor.author | Pfeffer, Barbara | en |
dc.date.accessioned | 2009-08-12 | - |
dc.date.accessioned | 2010-03-05T15:43:34Z | - |
dc.date.available | 2010-03-05T15:43:34Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/30132 | - |
dc.description.abstract | The goal of the present paper is two-fold. First, I explore the impact of different trade patterns on industrial specialisation and consequently on business cycle co-movements between and within different regions. Especially, I emphasize industrial specialisation as a result of intra- or inter-industry trade. Furthermore, I justify the predictions of different theoretical trade models on the basis of my results . Second, I analyse the degree of risk-sharing between and within the regions in dependence of the previous step. In particular, the purpose is to clarify direct and indirect channels between trade, specialisation, business cycle co-movements and risk sharing. The expectations are that countries within a region with homogeneous specialisations show intra-industry trade. Hence regional business-cycles converge. Consequently, risk-sharing within these regions is not possible. These countries tend to be more internationally .nancially integrated than regionally. Inter-industry trade arises in countries within regions with heterogeneous specialisation. As a result regional business-cycles diverge. Now, countries can share risk within the region. Regional financial integration is stronger for these countries than international financial integration. One further question is: do the same patterns create risk sharing also in the means of consumption co-movements between or within a region? | en |
dc.language.iso | eng | en |
dc.publisher | |aPhilipps-University Marburg, Faculty of Business Administration and Economics |cMarburg | en |
dc.relation.ispartofseries | |aMAGKS Joint Discussion Paper Series in Economics |x2008,13 | en |
dc.subject.jel | F15 | en |
dc.subject.jel | F36 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Trade | en |
dc.subject.keyword | Specialization | en |
dc.subject.keyword | Risk Sharing | en |
dc.title | Do regional trade and specialization drive intra-regional risk-sharing? | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 606628479 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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