Regional business cycles in emerging economies: a review of the literature

Alcides Padilla and Jorge David Quintero Otero

International Journal of Emerging Markets, 2022, vol. 18, issue 11, 5217-5237

Abstract: Purpose - This article offers a review of the literature on regional business cycles (BCs) in emerging economies. The objective is synthesizing the existing studies based on theoretical, empirical and methodological approaches. Design/methodology/approach - The methodological framework includes the following stages: research questions, bibliography location, the selection of articles and the evaluation of the literature, analysis and synthesis, and the reporting and use of results. Findings - The evidence suggests that expansionary phases last longer than recessions'; public expenditure shows a pro-cyclical behavior; and factors such as productive structure and international trade explain the synchronization of regional BCs. Originality/value - Up until now, there is no research that performs a review of regional BCs in emerging economics.

Keywords: Business cycles; Emerging market economies; Regional economics; Synchronization (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijoemp:ijoem-09-2021-1484

DOI: 10.1108/IJOEM-09-2021-1484

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