International business cycles and the relative price of investment goods
نویسندگان
چکیده
منابع مشابه
Commodities and International Business Cycles
Output growth in the U.S., a commodity-importing country, increases its demand for imports of commodities and therefore commodity prices, which benefits commodityexporting countries but has adverse effects on commodity-importing countries. Hence, in the data, U.S. output is more positively correlated with outputs of commodity-exporting countries than commodity-importing countries. In other word...
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ژورنال
عنوان ژورنال: Canadian Journal of Economics/Revue canadienne d'économique
سال: 2011
ISSN: 0008-4085
DOI: 10.1111/j.1540-5982.2011.01645.x