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-degree of synchronisation across the globe. In addition, the estimates find that stockbuilding, business confidence and credit …
Persistent link: https://www.econbiz.de/10011605416
We develop multivariate measures of synchronicity and co-movement of business cycles. In addition to synchronicity, the co-movement measure takes differences between cycle amplitudes into account that have been overlooked in most previous studies. We apply the new measures to the euro area....
Persistent link: https://www.econbiz.de/10010274041
of synchronisation of trade flows among the past major economic crises. Second, we investigate the synchronisation of the …
Persistent link: https://www.econbiz.de/10011435348
distinct periods in economic history and conclude that there is a secular trend towards greater synchronisation for much of the … cycle between the capitalist economies. The results confirm that there is a very clear degree of synchronisation of the … and Helbing, it does not seem possible to speak of a ?secular trend? towards greater synchronisation over the 1886 …
Persistent link: https://www.econbiz.de/10010295268
The aim of this paper is to show that random matrix theory (RMT) can be a useful addition to the economist?s tool-kit in the analysis of macro-economic time series data. A great deal of applied economic work relies upon empirical estimates of the correlation matrix. However due to the finite...
Persistent link: https://www.econbiz.de/10010295323
This paper empirically assesses the impact of specialisation on the synchronisation of regional business cycles in two … synchronisation. However, our regression results confirm the hypothesis of a positive impact only partly, but they underline the …
Persistent link: https://www.econbiz.de/10010295593
also to examine the degree of synchronisation between developed and developing countries. Significantly, this research …
Persistent link: https://www.econbiz.de/10010280785
We analyse the business cycles in China and in selected OECD countries between 1992 and 2006. We show that, although negative correlation dominates for nearly all countries, we can also see large differences for various frequencies of cyclical developments. On the one hand, nearly all OECD...
Persistent link: https://www.econbiz.de/10010284634
degree of synchronisation than the indicators based on unemployment rates. However, recently synchronisation among East and …
Persistent link: https://www.econbiz.de/10011984935
correlation amongst member countries. However, it has been demonstrated that the degree of synchronisation is not irrevocably … business cycle synchronisation in the SADC region. More precisely, the study employs a generalised method of moments to … oil prices (a proxy for global common shocks) on the degree of business cycle synchronisation. To conduct our analysis, we …
Persistent link: https://www.econbiz.de/10011988780