Verslo ciklų sinchronizacijos reiškinio atpažinimas socialiniuose moksluose paskatino daugelio skirtingų sričių tyrėjų (fizikų, ekonofizikų, ekonomistų) domėjimąsi šiuo fenomenu. Kokie aplinkos veiksniai lemia šalių verslo ciklų sinchronizaciją ir kaip įvertinti šių...

Recognition of the business cycle synchronization phenomenon in social science fostered a number of researchers from different areas (physics, econophysics, economics) to take interest in this phenomenon. Which environmental determinants influence the country’s business cycle synchronization...

COMESA (Common Market for Eastern and Southern Africa) aims at establishing a currency union by 2025. To this end, a policy harmonisation programme and a set of convergence criteria have been set up. A number of projects to foster trade, economic and financial integration have also been...

Artículo de revista ; This article analyses the recent performance of the main Latin American economies (Brazil, Mexico, Argentina, Colombia, Chile and Peru). Economic developments in the region have progressively been influenced by the global spread of the coronavirus COVID-19 pandemic....

This paper investigates the role of aid in mitigating the adverse effects of commodity export price shocks on growth in commodity-dependent countries. Using a large cross-country dataset, we find that negative shocks matter for short-term growth, while the ex ante risk of shocks does not seem to...

This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries (LICs). Using several methodological approaches, including impulse response function analysis, growth spells techniques and panel regressions, we show that external demand (ED)...

This paper estimates the effects of external constraints on growth and investment in the Mexican economy, and how those effects have changed since the economic liberalization of the 1980s and the formation of NAFTA in 1994. Shocks to net financial inflows, world oil prices, the U.S. growth rate,...

We estimate a system of equations to analyze whether bilateral trade and financial linkages influence business cycle synchronization directly and/or indirectly. Our paper builds upon the existing literature by using bilateral trade and financial flows for a small, open economy (Spain) as...

In this paper we argue that, for a group of converging economies of the European Union, participation in the euro area has been associated with easier access to financing by domestic economic agents. Easier access to financing was a significant impulse leading to a sharp increase in households'...

Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non-Eurozonefirms. The increase in firm-specific exposure...