NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Jeremy Piger

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Working Papers and Chapters

May 2012Comovement in GDP Trends and Cycles Among Trading Partners
with Bruce A. Blonigen, Nicholas Sly: w18032
It has long been recognized that business cycle comovement is greater between countries that trade intensively with one another. Surprisingly, no one has previously examined the relationship between trade intensity and comovement of shocks to the trend level of output. Contrary to the result for cyclical fluctuations, we find that comovement of shocks to trend levels of real GDP is significantly weaker among countries that trade intensively with one another. We also find that the influence of trade on comovement between shocks to trends has remained stable, or become stronger in recent decades, while the role of trade in generating cyclical comovement has diminished steadily over time. In short, we find that international trade relationships have a substantial impact on comovement of shock...

Comovement in GDP Trends and Cycles among Trading Partners” with Bruce Blonigen and Nicholas Sly, Journal of International Economics, forthcoming.

January 2011Determinants of Foreign Direct Investment
with Bruce A. Blonigen: w16704
Empirical studies of bilateral foreign direct investment (FDI) activity show substantial differences in specifications with little agreement on the set of covariates that are (or should be) included. We use Bayesian statistical techniques that allow one to select from a large set of candidates those variables most likely to be determinants of FDI activity. The variables with consistently high inclusion probabilities are traditional gravity variables, cultural distance factors, parent-country per capita GDP, relative labor endowments, and regional trade agreements. Variables with little support for inclusion are multilateral trade openness, host country business costs, host-country infrastructure (including credit markets), and host-country institutions. Of particular note, our results sugg...

Published: Modeling Processor Market Power and the Incidence of Agricultural Policy: A Nonparametric Approach, Rachael E. Goodhue, Carlo Russo. in The Intended and Unintended Effects of U.S. Agricultural and Biotechnology Policies, Graff Zivin and Perloff. 2012

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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