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Fluctuations in emerging economies

Author

Listed:
  • Zouhair Ait Benhamou

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

Discrepancies in output fluctuations between emerging and developed economies are welldocumentedin the literature. Differences however within developing economies have not been sufficiently scrutinised. This paper argues that global and regional shocks primarily drive the business cycle in emerging economies, and provides estimated results for cycle variance decomposition. The paper also offers a theoretical framework to check on the set of stylized facts common and specific to emerging economies. It finds that the proposed model is robust in accounting for region-specific features.

Suggested Citation

  • Zouhair Ait Benhamou, 2016. "Fluctuations in emerging economies," Post-Print hal-02977733, HAL.
    • Handle: RePEc:hal:journl:hal-02977733
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    Cited by:

    1. Lathaporn Ratanavararak, 2018. "The Impact of Imperfect Financial Integration and Trade on Macroeconomic Volatility and Welfare in Emerging Markets," PIER Discussion Papers 79, Puey Ungphakorn Institute for Economic Research.

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