| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8728 |
| DP8728 Institutions and Business Cycles | |
| Sumru G. Altug | |
| 发表日期 | 2012 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper investigates the relationship between the main features of business cycles and the institutional and structural characteristics of countries of up to 62 industrial, emerging and formerly centrally planned economies from all continents. We derive the business cycle characteristics using the nonparametric Harding-Pagan approach. Our analysis reveals that institutional factors have significant associations with the duration and amplitude of business cycles. Examining the determinants of business cycle synchronization for the countries in our sample, we also demonstrate that the bilateral proximity of institutional and policy environments matters in addition to the gravity arguments, trade intensity and bilateral financial linkages used in earlier studies. |
| 主题 | International Macroeconomics |
| 关键词 | Institutions Business cycles Synchronization Nonparametric analysis |
| URL | https://cepr.org/publications/dp8728 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537564 |
| 推荐引用方式 GB/T 7714 | Sumru G. Altug. DP8728 Institutions and Business Cycles. 2012. |
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