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• W3137133029 startingPage "103459" @default.
• W3137133029 abstract "This paper incorporates sloping marginal cost curves and their variations across industries into an open macro model, motivated by the fact that industries’ output, imports, and exports are more procyclical when their economies of scale arise from sloping marginal cost curves rather than fixed costs. The model, consistent with the data, delivers endogenous within-firm interdependence across markets and export gains/losses, which reproduce observed industrial business cycle patterns as well as more correlated aggregate business cycles across countries. The findings highlight the importance of marginal cost structures in international business cycle research." @default.
• W3137133029 created "2021-03-29" @default.
• W3137133029 creator A5076205473 @default.
• W3137133029 date "2021-07-01" @default.
• W3137133029 modified "2023-10-16" @default.
• W3137133029 title "Economies of scale and international business cycles" @default.
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• W3137133029 doi "https://doi.org/10.1016/j.jinteco.2021.103459" @default.
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