This paper uses uses a novel type of panel vector autoregression to establish that the well-known association between linkages and business cycle comovement has both intratemporal and intertemporal dimensions. When two countries are more closely linked (i.e., they trade more or hold more...

This paper investigates the relationship between bilateral FDI positions and cross-country business cycle correlations in the period 1982-2001. We find that countries that have comparatively intensive FDI relations also have more synchronized business cycles during 1995-2001. Before 1995, we...

Just as the competitive activities of MNC subsidiaries exhibit differentiation as well as integration, so might MNC political activities. This paper combines the literatures on international business-government interactions and on multinational corporations, with resource dependence theory as a...