KDI 한국개발연구원 - 경제정책정보 - 국내외연구자료 주제 - 산업무역 - 산업 -



유관기관의 다양한 자료를 한 곳에서 살펴보실 수 있습니다.


Trade, Global Value Chains and GDP Comovemement : An Empirical Investigation

World Bank 2019.12.24
This paper provides up-to-date characterization of the association between trade and GDP comovement -- also called the trade comovement slope -- for 150 countries from 1962 to 2011. The paper shows that trade is significantly linked to more GDP correlation, either directly through bilateral trade, or indirectly when two countries trade with similar partners. This trade network effect is strong for countries in all income groups and provides an additional channel through which GDP fluctuations propagate through trade linkages. It also shows that countries of all income groups become more synchronized with high income countries when the content of their trade is more tilted towards inputs as opposed to final goods. Related to this point, the paper also uncovers a strong link between the stickiness of trade relationships and the extent to which countries experience synchronized GDP comovement. The results are robust to a wide range of different measures, to the inclusion of many fixed effects, changes in the sectoral composition of GDP, financial controls capturing crosscountry investments as well as bilateral financial claims.

가입하신 이동통신사의 요금제에 따라
데이터 요금이 과다하게 부가될 수 있습니다.

파일을 다운로드하시겠습니까?
KDI 연구 카테고리