The Composition and Cyclical Behavior of Trade Flows in Emerging Economies:
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 ex...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Working Papers
Working Paper No. 10/46 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (32 p) |
ISBN: | 1451963106 9781451963106 |
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spelling | De Bock, Reinout Verfasser aut The Composition and Cyclical Behavior of Trade Flows in Emerging Economies De Bock, Reinout Washington, D.C International Monetary Fund 2010 1 Online-Ressource (32 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/46 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 Online-Ausg http://elibrary.imf.org/view/IMF001/10757-9781451963106/10757-9781451963106/10757-9781451963106.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | De Bock, Reinout The Composition and Cyclical Behavior of Trade Flows in Emerging Economies |
title | The Composition and Cyclical Behavior of Trade Flows in Emerging Economies |
title_auth | The Composition and Cyclical Behavior of Trade Flows in Emerging Economies |
title_exact_search | The Composition and Cyclical Behavior of Trade Flows in Emerging Economies |
title_exact_search_txtP | The Composition and Cyclical Behavior of Trade Flows in Emerging Economies |
title_full | The Composition and Cyclical Behavior of Trade Flows in Emerging Economies De Bock, Reinout |
title_fullStr | The Composition and Cyclical Behavior of Trade Flows in Emerging Economies De Bock, Reinout |
title_full_unstemmed | The Composition and Cyclical Behavior of Trade Flows in Emerging Economies De Bock, Reinout |
title_short | The Composition and Cyclical Behavior of Trade Flows in Emerging Economies |
title_sort | the composition and cyclical behavior of trade flows in emerging economies |
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