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Business cycle synchronization is a useful framework for analyzing the transmission of economic fluctuations. This work … synchronization. It identifies and estimates the link between GDP fluctuations in the USA and the EU-15. In particular, it shows that … checks for synchronization between the USA and the EU-15 economies tracing the timing pattern and the magnitude of the …
Persistent link: https://www.econbiz.de/10010595333
This paper analyses sectoral business cycle synchronization in an enlarged European Union using annual data for the … cycle synchronization. Overall, the sectors that provide the most relevant contribution are Industry, Building and … share, shows a relative low business cycle synchronization and volatility, implying that it contributes only marginally to …
Persistent link: https://www.econbiz.de/10005593027
synchronization in nonhydrocarbon business cycles across the GCC economies and a decline in the degree of synchronicity in the 2000s …
Persistent link: https://www.econbiz.de/10010840745
synchronization among these countries. Our results reveal that the economic fluctuations in these countries follow a similar pattern …
Persistent link: https://www.econbiz.de/10010991733
On the 18th and 19th of June 2012, the leaders of the G20 countries will meet in Los Cabos, Mexico, to discuss a variety of current and long-term problems contained in the agenda of 2012 which was determined with respect to the objectives and conclusions of the previous summits. In this study,...
Persistent link: https://www.econbiz.de/10015242911
This study provides a survey of recent advances in the literature on proposed African monetary unions. The survey comprises about 60 empirical papers published during the past fifteen years. Four main strands are discussed individually and collectively, notably, the proposed: West African...
Persistent link: https://www.econbiz.de/10015251251
It is unanimously agreed that currency policies of the countries, particularly their exchange-rate values, have a significant impact on trade as it alters exports and imports between one country and its trading partners. In spite of this, the rules of currency seem to be absent in World Trade...
Persistent link: https://www.econbiz.de/10015252272
Mercosur is currently going through an intermediate integration stage in which macroeconomic interdependence acquires more importance. Then, the need arises to adopt strategic definitions with regard to the future of the process itself. The study examines macroeconomic interdependence with a...
Persistent link: https://www.econbiz.de/10015255668
Globalization as a corporate-led process has come under much justifiable criticism. This paper attempts to give the term analytic content distinct from its more ideological formulations. It then focuses on a normative analysis of globalization from the capabilities perspective. A...
Persistent link: https://www.econbiz.de/10015255845
This review summarises a survey of about 70 empirical studies on proposed African monetary unions published during the past fifteen years. Four main strands are outlined in four tables. They include the: (i) West African Monetary Zone (WAMZ), (ii) East African Monetary Union (EAMU), (iii)...
Persistent link: https://www.econbiz.de/10015256345