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International transmission with heterogeneous sectors

Jin, Keyu ORCID: 0000-0002-0139-799X and Li, Nan (2018) International transmission with heterogeneous sectors. American Economic Journal: Macroeconomics, 10 (4). pp. 36-76. ISSN 1945-7707

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Identification Number: 10.1257/mac.20150379


This paper documents new facts about the behavior of capital- and labor-intensive goods over the business cycle and also identifies a mechanism that generates international investment comovement through shifting compositional changes of production and trade across sectors. Our model’s quantitative predictions not only match aggregate and sectoral statistics but also generate empirically plausible sectoral composition effects. Finally, we show that essential segments of the transmission process receive empirical support.

Item Type: Article
Official URL:
Additional Information: © 2018 American Economic Association
Divisions: Economics
Subjects: H Social Sciences > HB Economic Theory
JEL classification: F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics
Date Deposited: 05 Jun 2018 15:21
Last Modified: 29 Jun 2024 02:15

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