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dc.contributor.authorPfeffer, Barbaraen
dc.date.accessioned2009-08-12-
dc.date.accessioned2010-03-05T15:43:34Z-
dc.date.available2010-03-05T15:43:34Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/30132-
dc.description.abstractThe 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.isoengen
dc.publisher|aPhilipps-University Marburg, Faculty of Business Administration and Economics |cMarburgen
dc.relation.ispartofseries|aMAGKS Joint Discussion Paper Series in Economics |x2008,13en
dc.subject.jelF15en
dc.subject.jelF36en
dc.subject.ddc330en
dc.subject.keywordTradeen
dc.subject.keywordSpecializationen
dc.subject.keywordRisk Sharingen
dc.titleDo regional trade and specialization drive intra-regional risk-sharing?-
dc.type|aWorking Paperen
dc.identifier.ppn606628479en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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