"International trade." . . "International trade" . "Außenwirtschaft" . . "Cycles économiques." . . "Theorie" . . "Welt" . . "Verarbeitendes Gewerbe" . . "Levchenko, Andrei A." . . "1970-1999" . . "Commerce international." . . "Industriegüteraußenhandel" . . "Konjunkturzusammenhang" . . . . . . . . . . . . . . . . "Putting the parts together trade, vertical linkages, and business cycle comovement"@en . "Putting the parts together trade, vertical linkages, and business cycle comovement" . . . "Putting the parts together : trade, vertical linkages, and business cycle comovement" . "Putting the parts together : trade, vertical linkages, and business cycle comovement"@en . . . . "Livres électroniques" . . . . . . . . . "Putting the Parts Together Trade, Vertical Linkages, and Business Cycle Comovement" . "Countries that trade more with each other exhibit higher business cycle correlation. This paper examines the mechanisms underlying this relationship using a large cross-country industry-level panel dataset of manufacturing production and trade. We show that sector pairs that experience more bilateral trade exhibit stronger comovement. Vertical linkages in production are an important explanation behind this effect: bilateral international trade increases comovement significantly more in cross-border industry pairs that use each other as intermediate inputs. Our estimates imply that these vertical production linkages account for some 30% of the total impact of bilateral trade on the business cycle correlation."@en . . . . . . . . . . . . . . . . "Electronic resource" . . . "International Monetary Fund. Research Dept" . . "Schätzung" . . . . "Business cycles." . . "Business cycles" .