I, Hyeon hun; Park, Cyn-Young; Pyun, Ju Hyun - 2022
cycle comovement. Trade integration, particularly through intermediate input trade, drives business cycle synchronization …. We also find greenfield FDI leads business cycle comovements. This may be due to deepening intra-industry trade and dense … global value chains. Higher debt market integration is also associated with more synchronized business cycle comovement …