01658cas a2200241 a 4500 AALejournalIMF006300 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451963106 1018-5941 BD-DhAAL BD-DhAAL De Bock, Reinout. The Composition and Cyclical Behavior of Trade Flows in Emerging Economies / Reinout De Bock. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Trade flows data show that the composition and cyclical properties of imports are similar in developed economies and emerging markets (EM) but this is not the case for exports. Unlike developed economies, (i) EM export few or only a selective set of capital goods and (ii) capital good and overall exports tend to be acyclical. The lack of procyclicality in exports drives the strong countercyclicality of EM trade balances observed in previous studies. A quantitative exercise demonstrates how the standard small open economy business cycle model can be improved for EM by incorporating these features. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/046 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/046/001.2010.issue-046-en.xml IMF e-Library