Data and Code for: Trade in Commodities and Business Cycle Volatility

Principal Investigator(s):  View help for Principal Investigator(s) David Kohn, Pontificia Universidad Catolica de Chile, Instituto de Economia; Fernando Leibovici, Federal Reserve Bank of St. Louis; Hakon Tretvoll, Statistics Norway and NHH Norwegian School of Economics

Version:  View help for Version V1

Name File Type Size Last Modified
  Code 04/17/2020 12:26:PM
  Data 04/17/2020 12:28:PM
readme.pdf application/pdf 124.4 KB 06/09/2020 06:09:AM

Project Citation: 

Kohn, David, Leibovici, Fernando , and Tretvoll, Hakon. Data and Code for: Trade in Commodities and Business Cycle Volatility. Nashville, TN: American Economic Association [publisher], 2021. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-06-18. https://doi.org/10.3886/E117241V1

Project Description

Summary:  View help for Summary This paper studies the role of differences in the patterns of production and international trade on the business cycle volatility of emerging and developed economies. We study a multi-sector small open economy in which firms produce and trade commodities and manufactures. We estimate the model to match key cross-sectional and time-series differences across countries. Emerging economies run trade surpluses in commodities and trade deficits in manufactures, while sectoral trade flows are balanced in developed economies. We find that these differences amplify the response of emerging economies to commodity price fluctuations. We show evidence consistent with this mechanism using cross-country data.
Funding Sources:  View help for Funding Sources CONICYT, grant FONDECYT Iniciacion (11170457)

Scope of Project

Subject Terms:  View help for Subject Terms International business cycles; output volatility; emerging economies
JEL Classification:  View help for JEL Classification
      E32 Business Fluctuations; Cycles
      F41 Open Economy Macroeconomics
      F44 International Business Cycles
Time Period(s):  View help for Time Period(s) 1970 – 2016
Collection Date(s):  View help for Collection Date(s) 10/2018 – 7/2019
Universe:  View help for Universe countries
Data Type(s):  View help for Data Type(s) aggregate data

Methodology

Unit(s) of Observation:  View help for Unit(s) of Observation Year
Geographic Unit:  View help for Geographic Unit Country

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Published Versions

V1 [2021-06-18]

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