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Business Cycle Synchronization: A Study of ECO members

Saeed Rasekhi and Somaye Sadeghi

No 6076, International Conference on Energy, Regional Integration and Socio-economic Development from EcoMod

Abstract: business cycle synchronization is an important topic since it involves with transfering economic shocks among the countries with some degree of business cycle synchronization. The synchronization may be increased by integrating. Estimating index of synchronization(de-trended real GDP correlation)and then analyzing the results The results indicate the bilateral Synchronization in ECO integration. So, we suggest that the members should cooperate with each other and pay attention to the effects of their economic policies regarding to the Synchronization.

Keywords: ECO members based on data availibilty; Trade and regional integration; Regional integration (search for similar items in EconPapers)
Date: 2013-09-05
New Economics Papers: this item is included in nep-cwa and nep-mac
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