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The impact of the global financial crisis on business cycles in Asian emerging economies
Fidrmuc, Jarko; Korhonen, Iikka - 2009
We analyze the transmission of global financial crisis to business cycles in China and India. The pattern of business cycles in emerging Asian economies generally displays a low degree of synchronization with the OECD countries, which is consistent with the decoupling hypothesis. By contrast,...
Persistent link: https://www.econbiz.de/10003861779
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Business cycle dynamics in the CEE countries : a political economy approach
Adalet, Muge; Öz, Sumru - 2010
decreased the importance of distance. -- Business cycle synchronization ; CEE countries ; EMU …
Persistent link: https://www.econbiz.de/10008669954
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Business cycle correlation between the Euro area and the Balkan countries
Gouveia, Sofia - In: International journal of economic sciences and applied … 7 (2014) 1, pp. 33-49
EMU (except Greece and Turkey) and a rather modest degree of association with the Euro area cycle, although Turkey is … nearest the average of the EMU countries. We further document that there is a tendency for an increase in the degree of … synchronisation with EMU for all Balkan countries. We also note, however, that at the end of the period, the degree of synchronisation …
Persistent link: https://www.econbiz.de/10010459812
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Revisiting Business Cycle Synchronisation in the European Union
Afonso, António - 2010
We assess the business cycle synchronization features of aggregate output in the 27 EU countries using annual data for the period 1970-2009. In particular, we compute measures of synchronisation for private consumption, government spending, gross fixed capital formation, exports and imports. Our...
Persistent link: https://www.econbiz.de/10013135661
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Workers' Remittances : An Overlooked Channel of International Business Cycle Transmission?
Barajas, Adolfo - 2012
This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study demonstrates that this effect is robust and...
Persistent link: https://www.econbiz.de/10013098276
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Sectoral Business Cycle Synchronization in the European Union
Afonso, António - 2009
This paper analyses sectoral business cycle synchronization in an enlarged European Union using annual data for the period 1980-2005. In particular, we try to identify which sector for each country is driving the aggregate output business cycle synchronization. Overall, the sectors that provide...
Persistent link: https://www.econbiz.de/10013153275
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Dissecting Trade and Business Cycle Co-movement
Ko, Paul - 2020
Business cycles appear highly synchronized across countries. To understand this empirical phenomenon, I develop a multi-country international real business cycle model with international trade that offers several potential explanations: shocks to TFP, demand, leisure, investment, economic...
Persistent link: https://www.econbiz.de/10012840130
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Sectoral Business Cycle Synchronization in the European Union
Afonso, António - 2007
This paper analyses sectoral business cycle synchronization in an enlarged European Union using annual data for the period 1980-2005. In particular, we try to identify which sector for each country is driving the aggregate output business cycle synchronization. Overall, the sectors that provide...
Persistent link: https://www.econbiz.de/10012731298
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Business Cycle Correlation between the Euro Area and the Balkan Countries
Gouveia, Sofia Helena - 2014
EMU (except Greece and Turkey) and a rather modest degree of association with the Euro area cycle, although Turkey is … nearest the average of the EMU countries. We further document that there is a tendency for an increase in the degree of … synchronisation with EMU for all Balkan countries. We also note, however, that at the end of the period, the degree of synchronisation …
Persistent link: https://www.econbiz.de/10013053018
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China and the World Economy : Wavelet Spectrum Analysis of Business Cycles
Poměnková, Jitka - 2015
We employ a wavelet spectrum analysis to study globalization and business cycles in China and G7 countries. The co-movement synchronization between G7 countries and China is shown to have undergone frequent and large changes during our sample period. The co-movements for business cycle...
Persistent link: https://www.econbiz.de/10013034285