Convergence and cyclical amplitude of the business cycle : A proposal of analysis and international evidence

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URI: https://hdl.handle.net/10641/8255
ISSN: 1576-0162

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2013

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Abstract

This paper presents a proposal to empirically analyze the relationship between the cyclical amplitude and real convergence in countries that share a common cycle. Our proposal is based on the estimation of regression models in order to explore the influence of the business cycle in the path of convergence of each of the economies analyzed. To do this, we use the information on the cyclical stability as a determining variable of convergence that will allow to extract conclusions about the relationship studied. The proposal is applied to a sample of developed countries for which there is previous evidence about his participation in the international business cycle during the period 1950- 2006.

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International business cycle factors, Real convergence, Geography, Planning and Development, History, Transportation, Social Sciences (miscellaneous), Economics and Econometrics, Political Science and International Relations, Yes

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Cendejas Bueno, J L, De Lucas Santos, S, Delgado Rodríguez, M J & Alvarez Ayuso, I 2013, 'Convergence and cyclical amplitude of the business cycle : A proposal of analysis and international evidence', Revista de Economia Mundial, no. 34, pp. 97-115.

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FACULTAD DE DERECHO, EMPRESA Y GOBIERNO