Kose, M. Ayhan (contributor); … - 2008
of countries but divergence (or decoupling) between them. -- Globalization ; business cycles ; macroeconomic fluctuations … economies. Using a dynamic factor model, we then decompose macroeconomic fluctuations in key macroeconomic aggregates - output … categorize the 106 countries in our sample into three groups - industrial countries, emerging markets, and other developing …