Evidence on Common Features and Business Cycle Synchronization in Mercosur

Evidence on Common Features and Business Cycle Synchronization in Mercosur

dc.creatorGutierrez, Carlos Enrique Carrasco
dc.creatorGomes, Fábio Augusto Reis
dc.date2009-05-01
dc.date.accessioned2022-11-03T21:17:59Z
dc.date.available2022-11-03T21:17:59Z
dc.identifierhttps://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/2695
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/5047737
dc.descriptionThe aim of this work is to analyze the business cycles of the Mercosurís member countries in order to investigate their degree of synchronization. The econometric model uses the Beveridge- Nelson-Stock-Watson multivariate trend-cycle decomposition, taking into account the presence of common features such as common trend and common cycle. Once the business cycles are estimated, their degree of synchronization is analyzed by means of linear correlation in time domain and coherence and phase in frequency domain. Despite the evidence of common features, the results suggest that the business cycles are not synchronized. This may generate an enormous dificulty to intensify the agreements into Mercosuren-US
dc.descriptionThe aim of this work is to analyze the business cycles of the Mercosurís member countries in order to investigate their degree of synchronization. The econometric model uses the Beveridge- Nelson-Stock-Watson multivariate trend-cycle decomposition, taking into account the presence of common features such as common trend and common cycle. Once the business cycles are estimated, their degree of synchronization is analyzed by means of linear correlation in time domain and coherence and phase in frequency domain. Despite the evidence of common features, the results suggest that the business cycles are not synchronized. This may generate an enormous dificulty to intensify the agreements into Mercosurpt-BR
dc.formatapplication/pdf
dc.languageeng
dc.publisherSociedade Brasileira de Econometriaen-US
dc.relationhttps://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/2695/1823
dc.sourceBrazilian Review of Econometrics; Vol. 29 No. 1 (2009); 17-58en-US
dc.sourceBrazilian Review of Econometrics; v. 29 n. 1 (2009); 17-58pt-BR
dc.source1980-2447
dc.subjectMercosuren-US
dc.subjectbusiness cyclesen-US
dc.subjecttrend-cycle decompositionen-US
dc.subjectcommon featuresen-US
dc.subjectspectral analysisen-US
dc.subjectC32en-US
dc.subjectE32en-US
dc.subjectF02en-US
dc.subjectF23en-US
dc.subjectMercosurpt-BR
dc.subjectbusiness cyclespt-BR
dc.subjecttrend-cycle decompositionpt-BR
dc.subjectcommon featurespt-BR
dc.subjectspectral analysispt-BR
dc.subjectC32pt-BR
dc.subjectE32pt-BR
dc.subjectF02pt-BR
dc.subjectF23pt-BR
dc.titleEvidence on Common Features and Business Cycle Synchronization in Mercosuren-US
dc.titleEvidence on Common Features and Business Cycle Synchronization in Mercosurpt-BR
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion


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