In recent decades, theorists proposed the role of domestic components such as interior active groups, policies and macroeconomic indicators on determination of protection policies. In the context of recent studies, this study has investigated the effect of business cycle fluctuations on import protection for selected developing countries in 1995-2011 by using dynamic panel data method. Furtherm...

This paper investigates the transmission mechanisms of noise and volatility between economies through trade links, and the e ects of synchronization on business cycles. We investigate the transmission of outside noise and the uctuations that the noise generates. We identify conditions under which international economic links reduce the economic output noise emanating from noise within the indiv...

I use monthly data on industrial production to estimate the distribution of international business cycle correlations since the 1980’s, with focus on the current turmoil. The degree of international correlation in national business cycles since the end of 2008 is unprecedented in three decades. From 2008M12, an upward shift in the cross-sectional distribution of cycles synchronization is sizeab...

In this paper, we empirically investigate the relationship between oil price changes and output in a group of oil exporting countries. The dynamics of business cycles in Libya, Saudi Arabia, Nigeria, Kuwait, Venezuela and Qatar are modeled by alternative regime switching models. We show that the extension of uni-variate Markov Switching model in order to include oil revenue improves dating busi...

The existing research on the relationship between bilateral trade and business cycle synchronization (BCS) is limited in context of developing countries like Pakistan. Theoretically, can lead to convergence as well divergence cycles depending upon prevailing economic conditions a country. present study an attempt explore For empirical analysis, data six major trading partners Pakistan collected...

Abstract This article provides an overview and update on the degree of convergence Romania with Eurozone, in terms business cycles also taking into account economic context policies implemented. The synchronization cycle Romanian economy that Eurozone is essential condition for sustainable adoption single currency, because higher level synchronization, lower accession costs will tend to benefit...