Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/79192
Authors: 
Friedman, Eric J.
Johnson, Simon
Landsberg, A. S.
Year of Publication: 
2001
Series/Report no.: 
Working Papers, Department of Economics, Rutgers, The State University of New Jersey 2001,03
Abstract: 
We construct a simple firm-based model of global interdependence. We show how extremely strong statistical correlations can naturally develop between countries even if the interconnections between those countries remain very weak. Potential policy implications of this result are also discussed.
Subjects: 
large scale synchrony
JEL: 
F40
Document Type: 
Working Paper

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