The emerging European economies have been converging rapidly towards the more advanced European economies in recent years. However, large external imbalances in parts of the region have raised questions about sustainability and concerns about vulnerabilities. Empirical evidence in this paper...

While India’s growth has been strong in recent decades, its structural transformation remains incomplete. In this paper, we first take stock of India’s growth to date. We find that economic activity has shifted from agriculture to services, but agriculture remains the predominant employer....

This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners, and its impact on Mexican economic growth and business...

This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital...

This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital...

Contents -- I. INTRODUCTION -- II. METHODOLOGY AND DATA -- III. DYNAMIC FACTORS AND EPISODES OF BUSINESS CYCLES -- IV. SOURCES OF BUSINESS CYCLE FLUCTUATIONS: 1960-2005 -- V. GLOBALIZATION AND THE EVOLUTION OF INTERNATIONAL BUSINESS CYCLES -- VI. SENSITIVITY EXPERIMENTS -- VII. CONCLUSION --...

Contents -- I. INTRODUCTION -- II. THEORETICAL LITERATURE AND EMPIRICAL EVIDENCE -- III. THEORETICAL MODEL -- IV. DATA SOURCES AND VARIABLE CONSTRUCTION -- V. ESTIMATION METHODOLOGY AND RESULTS -- VI. CONCLUSIONS -- APPENDIXES

Intro -- Contents -- I. INTRODUCTION -- II. METHODOLOGY -- III. SUMMARY RESULTS FOR LATIN AMERICA -- IV. COUNTRY-BY-COUNTRY RESULTS -- V. CONCLUSIONS -- APPENDIX: DATA SOURCES AND DEFINITIONS -- REFERENCES.