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dc.contributor.authorMale, Rachelen_US
dc.date.accessioned2010-08-04en_US
dc.date.accessioned2012-02-09T14:07:39Z-
dc.date.available2012-02-09T14:07:39Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/55206-
dc.description.abstractClassical business cycles, following Burns and Mitchell (1946), can be defined as the sequential pattern of expansions and contractions in aggregate economic activity. Recently, Harding and Pagan (2002, 2006) have provided an econometric toolkit for the analysis of these cycles, and this has resulted in a recent surge in researchers using these methods to analyse developing country business cycles. However, the existing literature consists of diminutive samples and the majority fail to consider the statistical significance of the concordance statistics. To address this shortfall, this paper examines the business cycle characteristics and synchronicity for thirty-two developing countries. Furthermore, the US, the UK and Japan are included; this provides benchmarks upon which to compare the characteristics of the developing country cycles and also to examine the degree of synchronisation between developed and developing countries. Significantly, this research reveals that business cycles of developing countries are not, as previously believed, significantly shorter than those of the developed countries. However, the amplitude of both expansion and contraction phases tends to be greater in the developing countries. Furthermore a clear relationship between the timing of business cycle fluctuations and periods of significant regional crises, such as the Asian Financial Crisis, is exhibited. However, the more specific timing of the onset of these fluctuations appears to be determined by country-specific factors. Moreover, there are no clear patterns of concordance either within regions or between developed and developing country business cycles.en_US
dc.language.isoengen_US
dc.publisherQueen Mary, Univ. of London, School of Economics and Finance Londonen_US
dc.relation.ispartofseriesWorking Paper // School of Economics and Finance, Queen Mary, University of London 663en_US
dc.subject.jelC14en_US
dc.subject.jelC41en_US
dc.subject.jelE32en_US
dc.subject.jelO50en_US
dc.subject.ddc330en_US
dc.subject.keywordclassical business cycleen_US
dc.subject.keywordturning pointsen_US
dc.subject.keywordsynchronisationen_US
dc.subject.keywordconcordanceen_US
dc.subject.keywordcontagionen_US
dc.subject.keyworddeveloping economiesen_US
dc.subject.stwGesamtwirtschaftliche Produktionen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwKonjunktureller Wendepunkten_US
dc.subject.stwKonjunkturzusammenhangen_US
dc.subject.stwEntwicklungsländeren_US
dc.subject.stwUSAen_US
dc.subject.stwGroßbritannienen_US
dc.subject.stwJapanen_US
dc.titleDeveloping country business cycles: Characterising the cycleen_US
dc.typeWorking Paperen_US
dc.identifier.ppn632228431en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series, School of Economics and Finance, Queen Mary, University of London

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