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Business Cycles in South America and East Asia: An Introduction

  • Alexandre Barros da Cunha


  • Jorge Reis Sandes


  • Luis Gustavo Cubas Vivanco


We study the business cycle component of the per capita gross domestic product of ten South American and six East Asian countries during the period 1970-2000. Both sets of countries display an average volatility roughly equal to twice the U.S. one. Average persistence in each of these areas is similar to the U.S. The cyclical phases usually do not coincide temporally across countries.

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Article provided by Fucape Business School in its journal Brazilian Business Review.

Volume (Year): 2 (2005)
Issue (Month): 2 (July)
Pages: 172-186

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Handle: RePEc:bbz:fcpbbr:v:2:y:2005:i:2:p:172-186
Contact details of provider: Postal: Fucape Business School Brazilian Business Review Av. Fernando Ferrari, 1358, Boa Vista CEP 29075-505 Vitória-ES
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  1. AMBLER, Steve & CARDIA, Emanuela & ZIMMERMANN, Christian, 2000. "International Business Cycles: What Are the Facts?," Cahiers de recherche 2000-05, Universite de Montreal, Departement de sciences economiques.
  2. Uhlig, H.F.H.V.S. & Ravn, M., 1997. "On Adjusting the H-P Filter for the Frequency of Observations," Discussion Paper 1997-50, Tilburg University, Center for Economic Research.
  3. Baxter, Marianne & Stockman, Alan C., 1989. "Business cycles and the exchange-rate regime : Some international evidence," Journal of Monetary Economics, Elsevier, vol. 23(3), pages 377-400, May.
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