Dynamics of global business cycles interdependence

Article

Ductor, L. and Leiva-Leon, D. 2016. Dynamics of global business cycles interdependence. Journal of International Economics. 102, pp. 110-127. https://doi.org/10.1016/j.jinteco.2016.07.003
TypeArticle
TitleDynamics of global business cycles interdependence
AuthorsDuctor, L. and Leiva-Leon, D.
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.

PublisherElsevier
JournalJournal of International Economics
ISSN0022-1996
Publication dates
Online14 Jul 2016
Print01 Sep 2016
Publication process dates
Deposited11 Jul 2016
Accepted07 Jul 2016
Output statusPublished
Publisher's version
License
Accepted author manuscript
File Access Level
Restricted
Copyright Statement

© 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/).

Digital Object Identifier (DOI)https://doi.org/10.1016/j.jinteco.2016.07.003
LanguageEnglish
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