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Replication data for: The Few Leading the Many: Foreign Affiliates and Business Cycle Comovement

Version
1
Resource Type
Dataset
Creator
  • Kleinert, Jörn
  • Martin, Julien
  • Toubal, Farid
Publication Date
2014-12-31
Description
  • Abstract

    This paper argues that the correlation of business cycles across countries is largely due to linkages between multinational firms and their foreign affiliates. There are very few foreign affiliates in France, but they contribute considerably to aggregate economic activities. We exploit the heterogeneity in the presence and origin of foreign affiliates across French regions to identify their impact on comovement. We find a positive impact of foreign affiliates' presence on the comovement of business cycles between their regions of location and their countries of origin. This effect is not primarily driven by foreign affiliates' trade with their countries of origin. (JEL E32, F14, F23, F44)
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/mac.20130234 (Text)
Publications
  • Kleinert, JÖrn, Julien Martin, and Farid Toubal. “The Few Leading the Many: Foreign Affiliates and Business Cycle Comovement.” American Economic Journal: Macroeconomics 7, no. 4 (October 2015): 134–59. https://doi.org/10.1257/mac.20130234.
    • ID: 10.1257/mac.20130234 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Kleinert, Jörn; Martin, Julien; Toubal, Farid (2014): Replication data for: The Few Leading the Many: Foreign Affiliates and Business Cycle Comovement. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. http://doi.org/10.3886/E114074V1