The composition and cyclical behavior of trade flows in emerging economies /
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Author / Creator: | De Bock, Reinout, author. |
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Imprint: | Washington, D.C. : International Monetary Fund, ©2010. |
Description: | 1 online resource (32 pages) : color illustrations. |
Language: | English |
Series: | IMF working paper, 2227-8885 ; WP/10/46 IMF working paper ; WP/10/46. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12498400 |
Summary: | Trade flows data show that the composition and cyclical properties of imports are similar in developed economies and emerging markets (EM) but this is not the case for exports. Unlike developed economies, (i) EM export few or only a selective set of capital goods and (ii) capital good and overall exports tend to be acyclical. The lack of procyclicality in exports drives the strong countercyclicality of EM trade balances observed in previous studies. A quantitative exercise demonstrates how the standard small open economy business cycle model can be improved for EM by incorporating these features. |
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Physical Description: | 1 online resource (32 pages) : color illustrations. |
Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
Bibliography: | Includes bibliographical references (pages 18-19). |
ISBN: | 1283557711 9781283557719 9781452795454 1452795452 9781451963106 1451963106 1451918917 9781451918915 |
ISSN: | 2227-8885 2227-8885 ; |