Dynamics of global business cycles interdependence
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In this paper, we provide a comprehensive analysis of the time-varying interdependence among the economic cycles of the major world economies during the post-Great Moderation period. We document a significant increase in the global business cycles interdependence occurred in the early 2000s. Such increase is mainly attributed to the emerging market economies, since their business cycles became more synchronized with the rest of the world around that time. Moreover, we find that the increase in global interdependence is highly related to decreasing differences in sectoral composition among countries.
|Research Areas:||A. > Business School > Economics
A. > Business School > Economics > Behavioural Economics group
|Notes on copyright:||CC BY-NC-ND|
|Depositing User:||Lorenzo Ductor Gomez|
|Date Deposited:||11 Jul 2016 14:55|
|Last Modified:||20 Oct 2016 15:19|
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