publication . Doctoral thesis . 2015

Transmission Channels and Spillover Effects in a Globalised World

Fries, Claudia;
Open Access English
  • Published: 14 Apr 2015
  • Country: Germany
Abstract
The first study readdresses the determinants of business cycle synchronisation to test, on the one hand, whether FDI promoting policies may have consequences for the business cycle comovement between countries, and on the other hand, whether more plausible identification strategies change previous results. Our results suggest that linkages through foreign direct investment contribute in most cases positively to the synchronisation between country pairs. In contrast, the beneficial effects of trade integration for the similarity of business cycles are less robust and thus less important for the transmission of idiosyncratic shocks between countries than previousl...
Subjects
free text keywords: Internationaler Konjunkturzusammenhang, Direktinvestition, Arbeitsmarkt, Reform, ddc:330
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Doctoral thesis . 2015
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