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Discussion Paper Details

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Title: Sectors and the OECD Business Cycle

Author(s): Jean Imbs

Publication Date: June 2000

Keyword(s): Economic Structure, International Business Cycles and Trade

Programme Area(s): International Macroeconomics

Abstract: 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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Bibliographic Reference

Imbs, J. 2000. 'Sectors and the OECD Business Cycle'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=2473