Miankhel, Adil Khan; Kalirajan, Kaliappa; Thangavelu, … - Volkswirtschaftliche Fakultät, … - 2010
levels. This paper analyzes the business cycle movements of the EU, ASEAN+3, NAFTA, MERCOSUR and SAARC regions to investigate … in each region and devise counter policy measures against future idiosyncratic shocks. In the last decade, world dynamics … transmission mechanism and the SAARC region was also affected. Consequently, a business cycle convergence phenomenon was observed …