Evidence of the North--South business cycle
Michael Kouparitsas ()
Economic Perspectives, 2001, issue qi, 46-59
This article examines the fluctuations of two regional economies: the developed, industrial goods exporting countries of the world ("North") and the developing, commodity exporting countries ("South"). The author finds that these very different regions have similar business cycle characteristics and that cyclical fluctuations in one region are positively correlated with fluctuations in other. Preliminary data analysis suggests that cyclical fluctuations in the South are caused by fluctuations that originate in the North.
Keywords: Business; cycles (search for similar items in EconPapers)
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