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The production networks in East Asia and European Union are characterized by large shares of trade in intermediate …
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The emergence of production networks has changed the structure of international trade, which a large share of intra … reflect. While a production network exists in both East Asia and the European Union, the patterns could be different due to …
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This paper examines whether increasing trade intensity among East Asian countries has led to a synchronization of business cycles. It extends the work of Shin and Wang (2004) in two ways: by (i) improving the specification of their business cycle correlation equation, and (ii) extending the...
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