The Extensive Margin, Sectoral Shares and International Business Cycles

Michael B. Devereux, Viktoria Hnatkovska

NBER Working Paper No. 17289
Issued in August 2011

---- Acknowledgements ----

Hnatkovska thanks SSRHS for research support. Devereux thanks SSRHC, the Bank of Canada, and the Royal Bank of Canada for financial support. The opinions expressed in this paper are those of the authors alone and cannot be ascribed to the Bank of Canada or the National Bureau of Economic Research.

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