Discussion paper

DP2473 Sectors and the OECD Business Cycle

This paper argues that economic structure is a robust determinant of the OECD business cycle. Countries that share similar manufacturing sectors are shown to display more synchronized business cycles. Interestingly, the well-established rule of trade impacting on rich countries' business cycles is thus mitigated, and its direct impact lessened. The structure of sectoral output also goes some way towards explaining idiosyncracies in the UK business cycle.

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Citation

Imbs, J (2000), ‘DP2473 Sectors and the OECD Business Cycle‘, CEPR Discussion Paper No. 2473. CEPR Press, Paris & London. https://cepr.org/publications/dp2473