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synchronization among these countries. Our results reveal that the economic fluctuations in these countries follow a similar pattern …
Persistent link: https://www.econbiz.de/10010991733
properly in order to identify the synchronization behavior across countries. Our results suggest that there is a relevant … influence from the US cycle, since it acts as a source of international business cycle synchronization. However, spillovers from …
Persistent link: https://www.econbiz.de/10010908215
This article investigates the effects of the different exchange rate regimes on business cycles comovement between advanced and emerging countries. We use the Granger Causality test (VAR model) on panel data to examine the causal relationships. Our findings show the existence of a bidirectional...
Persistent link: https://www.econbiz.de/10015074202
We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … between trade integration and cyclical synchronization are subject to endogeneity problems. We instrument fiscal budget … trade integration are important determinants of cyclical synchronization. We can conclude that once a high degree of trade …
Persistent link: https://www.econbiz.de/10008872070
nonlinear framework allows the asymmetries of the business cycle to be captured properly to identify the synchronization …
Persistent link: https://www.econbiz.de/10011048282
out to the limitations of a correlation and concordance index as common indicators of business cycle synchronization in …
Persistent link: https://www.econbiz.de/10011195588
properly in order to identify the synchronization behavior across countries. Our results suggest that there is a relevant … influence from the US cycle, since it acts as a source of international business cycle synchronization. However, spillovers from …
Persistent link: https://www.econbiz.de/10009371416
analyzes the cyclical synchronization of wine exports for the ten main European wine-producing countries with the aggregate …-trending techniques, and Spearman's rank correlations and concordance indices are calculated to analyze the synchronization and … interaction between cycles. The results for the exports, by value, revealed a strong degree of synchronization over the whole …
Persistent link: https://www.econbiz.de/10012020254
This article shows - on both conceptual and empirical grounds - the importance of business cycles in affecting key relationships between innovation and international performance. While periods of upswing are characterised by a well documented 'virtuous circle'. between innovation inputs, new...
Persistent link: https://www.econbiz.de/10010530673
Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions and countercyclical...
Persistent link: https://www.econbiz.de/10013098278