Fluctuations in emerging economies: regional and global factors
Zouhair Ait Benhamou ()
No 2016-3, EconomiX Working Papers from University of Paris Nanterre, EconomiX
Discrepancies in output fluctuations between emerging and developed economies are welldocumented in the literature. Differences however within developing economies have not been sufficiently scrutinised. This paper argues that global and regional shocks primarily drive the business cycle in emerging economies, and provides estimated results for cycle variance decomposition. The paper also offers a theoretical framework to check on the set of stylised facts common and specific to emerging economies. It finds that the proposed model is robust in accounting for region-specific features.
Keywords: International Business Cycles; Global Factors; Regional Factors; Emerging Economies. (search for similar items in EconPapers)
JEL-codes: E32 E37 F44 (search for similar items in EconPapers)
Pages: 30 pages
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:drm:wpaper:2016-3
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