Purpose The purpose of this paper is to develop the theoretical linkage between culture and economic growth and empirically test the relationship by measuring culture and how it affects labor productivity. Design/methodology/approach This study uses a cross-section study of developing countries...

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...