Large Firms and International Business Cycle Comovement
Julian di Giovanni, Andrei A. Levchenko, Isabelle Mejean
American Economic Review · 2017 · Volume 107 · Issue 5
Abstract
This paper investigates the role of the top 100 firms in France in aggregate business cycle comovement. We establish that the top 100 firms (i) are important in aggregate; (ii) exhibit stronger international linkages than the rest of the economy; and (iii) contribute substantially to aggregate comovement.
Keywords
Firm Behavior: Empirical Analysis, Business Fluctuations, Cycles, Multinational Firms, International Business, International Business Cycles
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