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Business cycle causation relations for Mercosur countries

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  • Francesco Grigoli

Abstract

This paper aims at investigating business cycle interdependences among Mercosur countries over the period 1991-2006. In particular, it analyses the causation relationships among the aforementioned countries’ business cycles, and the impact of the EU and US shocks on them. The estimated VAR model points out that some causation relations are present among the former, and that, conversely, the latter do not play a relevant role in determining the fluctuations of their economies.

Suggested Citation

  • Francesco Grigoli, 2009. "Business cycle causation relations for Mercosur countries," LIUC Papers in Economics 226, Cattaneo University (LIUC).
    • Handle: RePEc:liu:liucec:226
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