Emerging markets in the global economic network: Real(ly) decoupling?

Tiago Trancoso

Physica A: Statistical Mechanics and its Applications, 2014, vol. 395, issue C, 499-510

Abstract: We evaluate the degree of business cycle interdependence in the global economic network, focusing on the hypothesis that emergent market (EM) economies have decoupled from advanced economies in the recent period of globalization. We employ a novel methodological approach to the study of business cycles synchronization that combines network analysis and dynamic correlations. We find a process of increasing transnational interdependence within and across all economic development groups. Our results suggest that EM do not form a cohesive group and support the view of an increasingly multipolar and interdependent global economic network.

Keywords: Global economic network; Emergent economies; Decoupling hypothesis; International business cycles; Minimum spanning tree; Dynamic correlations (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0378437113010030
Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:395:y:2014:i:c:p:499-510

DOI: 10.1016/j.physa.2013.10.031

Access Statistics for this article

Physica A: Statistical Mechanics and its Applications is currently edited by K. A. Dawson, J. O. Indekeu, H.E. Stanley and C. Tsallis

More articles in Physica A: Statistical Mechanics and its Applications from Elsevier
Bibliographic data for series maintained by Catherine Liu ().