Publication: Business cycles in developed and emerging economies: evidence from a univariate markov switching approach
Program
KU-Authors
KU Authors
Co-Authors
Bildirici, Melike
Publication Date
Language
Type
Embargo Status
Journal Title
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Volume Title
Alternative Title
Abstract
This paper characterizes business cycle phenomena in a sample of twenty-seven developed and emerging economies using a univariate Markov regime-switching approach. It examines the efficacy of this approach for detecting business cycle turning points and for identifying distinct economic regimes for each country in question. The paper also presents results on business cycle synchronization for the sample of countries under consideration. The findings of the paper have implications for understanding the commonalities and differences in cyclical phenomena for a diverse set of developed and emerging economies.
Source
Publisher
Routledge Journals, Taylor & Francis Ltd
Subject
Business, Economics, International relations
Citation
Has Part
Source
Emerging Markets Finance and Trade
Book Series Title
Edition
DOI
10.2753/REE1540-496X480601