Because of the huge fluctuation in the semiconductor business, it has been a challengingwork for the industry researchers to predict the turning points of the semiconductor industry cycles. To catch the cyclical behavior of the semiconductor business, we propose a Markov Regime-Switching model...

This paper compares the stylized facts of international real business cycles between developed and developing economies. A two-sector, two-country neoclassical macroeconomic model has been constructed in this paper to examine the cyclical behaviors of domestic as well as international...