| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13662 |
| DP13662 Fundamental Moments | |
| Jean Imbs; Laurent Pauwels | |
| 发表日期 | 2019-04-10 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Global trade can give rise to global hubs, centers of activity whose influence on the global economy is large enough that local disturbances have consequences in the aggregate. This paper investigates the nature, existence, and rise of such hubs using the World Input-Output Tables (WIOT) to evaluate the importance of vertical trade in creating global hubs that significantly affect countries volatility and their co-movement. Our results suggest that the world has become more granular since 1995, with significant consequences on GDP volatility and co-movements especially in developed countries. These consequences are well explained by international trade. |
| 主题 | International Macroeconomics and Finance ; Macroeconomics and Growth |
| 关键词 | Aggregate volatility Gdp synchronization Global hubs Input-output linkages World input-output tables Granularity |
| URL | https://cepr.org/publications/dp13662 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542521 |
| 推荐引用方式 GB/T 7714 | Jean Imbs,Laurent Pauwels. DP13662 Fundamental Moments. 2019. |
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