n der jüngeren makroökonomischen Forschung wird die Region im Sinne subnationaler bzw. kleinräumiger Wirtschaftseinheiten verstärkt zum Untersuchungsgegenstand. Die regionale Konjunkturforschung verbindet Ansätze der klassischen, d.h. nationalen Konjunkturanalyse mit Erkenntnissen aus der...

After conceptual clarification of "international business cycle" and a review of the literature, a new indicator is proposed. This indicator refers to two time series only and allows for an interna-tionally comparable quantification of a country's position in the business cycle. We then...

The finance-growth nexus is discussed, and a framework for empirical analysis is formulated. Based on data for 93 countries from 1960–1990, a growth equation is estimated. It includes the standard regressors as well as a new proxy for financial activity and interaction effects of the latter...