if there is a theoretical prior that a financial shock is affecting growth …

Gulf Cooperation Council (GCC) countries, using various measures of synchronization for non-hydrocarbon GDP and … a mean corrected concordance index, the paper identifies the degree of non-hydrocarbon business cycle synchronization … heterogeneous synchronization in non-hydrocarbon business cycles across the GCC economies, and a decline in the degree of …

light of the 2008-09 global recession. Using structural VAR models, it is found that a one percent shock to U.S. growth …

This paper investigates the synchronization of Hong Kong SAR’s economic growth with mainland China and the United …

States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock in the Gulf …

-identification of the U.S. oil supply shock is achieved through imposing dynamic sign restrictions on the impulse responses of the model …-driven oil price shock, with real GDP increasing in both advanced and emerging market oil-importing economies, output declining …

shock. The impact could be larger if China's slowdown and rebalancing coincides with bouts of global financial volatility …