Dynamics of global business cycles interdependence

Ductor, Lorenzo and Leiva-Leon, Danilo (2016) Dynamics of global business cycles interdependence. Journal of International Economics, 102 . pp. 110-127. ISSN 0022-1996 [Article] (doi:10.1016/j.jinteco.2016.07.003)

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Official URL: http://dx.doi.org/10.1016/j.jinteco.2016.07.003

Abstract

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.

Item Type:	Article
Research Areas:	A. > Business School > Economics
Item ID:	20166
Notes on copyright:	© 2016 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Depositing User:	Lorenzo Ductor Gomez
Date Deposited:	11 Jul 2016 14:55
Last Modified:	16 Jun 2023 12:13
URI:	https://eprints.mdx.ac.uk/id/eprint/20166

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