Effect of Trade Structure Similarity on Business Cycle Synchronization

Please enable javascript in your browser.

Hosseini, Atefeh | 2015

443 Viewed

Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 47178 (44)
University: Sharif University of Technology
Department: Management and Economics
Advisor(s): Barakchian, Mahdi; Madanizadeh, Ali
Abstract:
The determinants of business cycles and how to deal with them are amongst the most important issues in macroeconomics. Using the annual data between 1980 to 2012, available for six oil producing members of Gulf cooperation council, we draw a connection between trade structure and business cycle synchronization. In fact, we try to answer whether the same trade structure in these countries with very similar characteristics has led to synchronized booms and recessions among them. Assuming cross correlation, different estimation methods, including common correlated effects, confirm the positive significant effect of trades tructure on business cycles ynchronization
Keywords:
Business Cycle Synchronization ; Trade Structure ; Persian Gulf Cooperation Council Countries

No TOC