I, Hyeon hun; Park, Cyn-Young; Pyun, Ju Hyun - 2022
. We also find greenfield FDI leads business cycle comovements. This may be due to deepening intra-industry trade and dense …We synthetically assess the three major transmission channels of international business cycles: bilateral trade …, foreign direct investment (FDI), and portfolio investment flows between economies with multiple fixed effects. Using the data …