This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Production sharing and real business cycles in a small open economy Author info | Abstract | Publisher info | Download info | Related research | Statistics Jose Joaquin Lopez
Additional information is available for the following
registered author(s):
Production sharing and vertical specialization account for a significant share of trade between developed and developing countries. The Mexican maquiladora industry provides an ideal example of production sharing in a small open economy. The typical 'maquila' imports most of its inputs from and exports all its output to the United States. This article tries to determine to what extent production sharing, as in the Mexican maquiladora, can serve as a transmission mechanism of business cycles in small open economies. We utilize a simple two-sector small open economy model of real business cycles that incorporates production sharing in the traded sector. The transmission channel of business cycles is introduced in the model via demand shocks to the traded sector, originated in the United States? manufacturing sector. The model is successful in replicating real business cycles statistics for the maquiladora sector, as well as some of the characteristics of the non-traded sector.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by Federal Reserve Bank of Dallas in its series Globalization and Monetary Policy Institute Working Paper with number
05.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length:
Date of creation: 2007Date of revision:
Handle: RePEc:fip:feddgw:05Contact details of provider: Email: Web page: http://www.dallasfed.org/ More information through EDIRC
Order Information: Email:
For technical questions regarding this item, or to correct its listing, contact: (Diane Rosenberger).
Keywords: Business cycles ; Transmission mechanism (Monetary policy) ; Trade ; Maquiladora ; Other versions of this item:
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Mendoza, Enrique G, 1991.
"Real Business Cycles in a Small Open Economy ,"
American Economic Review ,
American Economic Association, vol. 81(4), pages 797-818, September.
[Downloadable!] (restricted)
Reinert, Kenneth A. & Roland-Holst, David W., 1992.
"Armington elasticities for United States manufacturing sectors ,"
Journal of Policy Modeling ,
Elsevier, vol. 14(5), pages 631-639, October.
[Downloadable!] (restricted)
Linda Tesar & Ariel Burstein & Chris Kurz, 2005.
"Trade, Production Sharing and the International Transmission of Business Cycles ,"
2005 Meeting Papers
304, Society for Economic Dynamics.
[Downloadable!]
Other versions:
Ariel Burstein & Christopher Kurz & Linda Tesar, 2008.
"Trade, Production Sharing, and the International Transmission of Business Cycles ,"
NBER Working Papers
13731, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Ariel Burstein & Christopher Johann Kurz & Linda Tesar, 2004.
"Trade, Production Sharing and the International Transmission of Business Cycles ,"
Working Papers
522, Research Seminar in International Economics, University of Michigan.
[Downloadable!] Kose, M. Ayhan & Yi, Kei-Mu, 2006.
"Can the standard international business cycle model explain the relation between trade and comovement? ,"
Journal of International Economics ,
Elsevier, vol. 68(2), pages 267-295, March.
[Downloadable!] (restricted)
Other versions: Kydland, Finn E & Prescott, Edward C, 1982.
"Time to Build and Aggregate Fluctuations ,"
Econometrica ,
Econometric Society, vol. 50(6), pages 1345-70, November.
[Downloadable!] (restricted)
Other versions: Heathcote, Jonathan & Perri, Fabrizio, 2002.
"Financial autarky and international business cycles ,"
Journal of Monetary Economics ,
Elsevier, vol. 49(3), pages 601-627, April.
[Downloadable!] (restricted)
Other versions: Schmitt-Grohe, Stephanie & Uribe, Martin, 2003.
"Closing small open economy models ,"
Journal of International Economics ,
Elsevier, vol. 61(1), pages 163-185, October.
[Downloadable!] (restricted)
Other versions:
Stephanie Schmitt-Grohe & Martin Uribe, 2002.
"Closing Small Open Economy Models ,"
NBER Working Papers
9270, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Stephanie Schmitt-Grohe & Martin Uribe, 2001.
"Closing Small Open Economy Models ,"
Departmental Working Papers
200115, Rutgers University, Department of Economics.
[Downloadable!] Schmitt-Grohé, Stephanie & Uribe, Martín, 2002.
"Closing Small Open Economy Models ,"
CEPR Discussion Papers
3096, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Hummels, David & Ishii, Jun & Yi, Kei-Mu, 2001.
"The nature and growth of vertical specialization in world trade ,"
Journal of International Economics ,
Elsevier, vol. 54(1), pages 75-96, June.
[Downloadable!] (restricted)
Other versions: Kei-Mu Yi, 2003.
"Can Vertical Specialization Explain the Growth of World Trade? ,"
Journal of Political Economy ,
University of Chicago Press, vol. 111(1), pages 52-102, February.
[Downloadable!] (restricted)
Other versions: Backus, David K & Kehoe, Patrick J & Kydland, Finn E, 1992.
"International Real Business Cycles ,"
Journal of Political Economy ,
University of Chicago Press, vol. 100(4), pages 745-75, August.
[Downloadable!] (restricted)
Other versions:
Full
references
Access and
download statistics Did you know? Over 80% of the top 1000 economists are registered on RePEc.
This page was last updated on 2009-11-12.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .