Imported inputs and the countercyclicality of net exports in emerging markets
This paper shows that the strong countercyclicality of net exports observed in emerging market economies can be explained to a large extent by the use of imported inputs in production. We build a single-sector small open economy business cycle model featuring imported inputs and variable capital uti...
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| Format: | Article |
| Language: | English |
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Elsevier
2019-12-01
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| Series: | Central Bank Review |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1303070119300885 |