Output co-movement between Latin America and the United States: the export structure matters

References

• Aiolfi, M., L. A. Catão, and A. Timmermann. 2011. “Common Factors in Latin America’s Business Cycles.” Journal of Development Economics 95 (2): 212–228. doi:10.1016/j.jdeveco.2010.04.003.
   Web of Science ®Google Scholar
• Akin, Ç., and M. A. Kose. 2008. “Changing Nature of North–South Linkages: Stylized Facts and Explanations.” Journal of Asian Economics 19 (1): 1–28. doi:10.1016/j.asieco.2007.12.002.
   Google Scholar
• Arellano, M., and S. Bond. 1991. “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.” The Review of Economic Studies 58 (2): 277–297. doi:10.2307/2297968.
   Web of Science ®Google Scholar
• Artis, M., and T. Okubo. 2011. “Does International Trade Really Lead to Business Cycle Synchronization? A Panel Data Approach.” The Manchester School 79 (2): 318–332. doi:10.1111/manc.2011.79.issue-2.
   Web of Science ®Google Scholar
• Baxter, M., and M. Kouparitsas. 2003. “Trade Structure, Industrial Structure, and International Business Cycles.” The American Economic Review 93 (2): 51–56. doi:10.1257/000282803321946796.
   Web of Science ®Google Scholar
• Baxter, M., and M. Kouparitsas. 2005. “Determinants of Business Cycle Comovement: A Robust Analysis.” Journal of Monetary Economics 52: 113–157. doi:10.1016/j.jmoneco.2004.08.002.
   Web of Science ®Google Scholar
• Calderon, C., A. Chong, and E. Stein. 2006. “Trade Intensity and Business Cycle Synchronization: Are Developing Countries Any Different?” Journal of International Economics 71 (1): 2–21. doi:10.1016/j.jinteco.2006.06.001.
   Web of Science ®Google Scholar
• Canova, F. 2005. “The Transmission of US Shocks to Latin America.” Journal of Applied Econometrics 20 (2): 229–251. doi:10.1002/(ISSN)1099-1255.
   Web of Science ®Google Scholar
• Corbo, V., and K. Schmidt-Hebbel. 2011. “The International Crisis and Latin America: Growth Effects and Development Strategies.” CASE Network Studies and Analyses No. 429. Warsaw: CASE-Center for Social and Economic Research.
   Google Scholar
• Di Giovanni, J., and A. Levchenko. 2010. “Putting the Parts Together: Trade, Vertical Linkages, and Business Cycle Comovement.” American Economic Journal: Macroeconomics 2 (2): 95–124.
   Web of Science ®Google Scholar
• Fidrmuc, J., and I. Korhonen. 2010. “The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging Economies.” Journal of Asian Economics 21 (3): 293–303. doi:10.1016/j.asieco.2009.07.007.
   Google Scholar
• Fiess, N. 2007. “Business Cycle Synchronization and Regional Integration: A Case Study for Central America.” The World Bank Economic Review 21 (1): 49–72. doi:10.1093/wber/lhl014.
   Web of Science ®Google Scholar
• Hernandez, G. 2013. “Terms of Trade and Output Fluctuations in Colombia.” Cepal Review 110: 109–131.
   Google Scholar
• Herrera, J. 2004. “Business Cycles in Mexico and the United States: Do They Share Common Movements?.” Journal of Applied Economics 7 (2): 303–323.
   Google Scholar
• Izquierdo, A., R. Romero, and E. Talvi. 2007. “Business Cycles in Latin America: The Role of External Factors.” Documento de trabajo del BID. Washington, DC: Banco Interamericano de Desarrollo
   Google Scholar
• Jansen, J., and A. Stokman. 2011. “International Business Cycle Comovement: Trade and Foreign Direct Investment.” DNB Working Paper No. 319. Amsterdam: Netherlands Central Bank, Research Department.
   Google Scholar
• Kim, S., J. W. Lee, and C. Y. Park. 2011. “Emerging Asia: Decoupling or Recoupling.” The World Economy 34 (1): 23–53. doi:10.1111/j.1467-9701.2010.01280.x.
   Web of Science ®Google Scholar
• Kose, A., and K. Yi. 2001. “International Trade and Business Cycles: Is Vertical Specialization the Missing Link?” The American Economic Review 91 (2): 1216–1239.
   Web of Science ®Google Scholar
• Kose, M. A., C. Otrok, and E. Prasad. 2012. “Global Business Cycles: Convergence or Decoupling?” International Economic Review 53 (2): 511–538. doi:10.1111/iere.2012.53.issue-2.
   Web of Science ®Google Scholar
• Levchenko, A. A., L. T. Lewis, and L. L. Tesar. 2010. “The Collapse of International Trade during the 2008–09 Crisis: In Search of the Smoking Gun.” IMF Economic Review 58 (2): 214–253. doi:10.1057/imfer.2010.11.
   Web of Science ®Google Scholar
• Miles, W., and C. P. C. Vijverberg. 2011. “Mexico’s Business Cycles and Synchronization with the USA in the Post‐NAFTA Years.” Review of Development Economics 15 (4): 638–650. doi:10.1111/j.1467-9361.2011.00632.x.
   Web of Science ®Google Scholar
• Ng, E. 2010. “Production Fragmentation and Business-Cycle Comovement.” Journal of International Economics 82 (1): 1–14. doi:10.1016/j.jinteco.2010.06.002.
   Web of Science ®Google Scholar
• Ocampo, J. A. 2009. “Latin America and the Global Financial Crisis.” Cambridge Journal of Economics 33 (4): 703–724. doi:10.1093/cje/bep030.
   Web of Science ®Google Scholar
• Ocampo, J. A. 2011. “Global Economic Prospects and the Developing World.” Global Policy 2 (1): 10–19. doi:10.1111/gpol.2010.2.issue-1.
   Web of Science ®Google Scholar
• Osterholm, P., and J. Zettelmeyer. 2008. “The Effect of External Conditions on Growth in Latin America.” IMF Staff Papers 55 (4): 595–623. doi:10.1057/imfsp.2008.20.
   Google Scholar
• Roodman, D. 2006. “How to Do Xtabond2: An Introduction to “Difference” and “System” GMM in Stata.” Center for Global Development Working Paper Number 103.
   Google Scholar
• Torres, A., and O. Vela. 2003. “Trade Synchronization between the Business Cycles of Mexico and the United States.” North American Journal of Economics and Finance 14: 319–342. doi:10.1016/S1062-9408(03)00025-1.
   Google Scholar
• Walti, S. 2011. “The Myth of Decoupling.” Applied Economics 44 (26): 3407–3419.
   Google Scholar