Selover David D.; Jensen Roderick V.; John, Kroll - In: Studies in Nonlinear Dynamics & Econometrics 7 (2003) 3, pp. 1-39
This study investigates the synchronization of business cycles in different sectors of the economy. Business cycles in different industries or sectors have a tendency to synchronize with one another in what appears to be a national business cycle, yet trade between sectors may not be strong...