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Emerging markets in the global economic network: Real(ly) decoupling?

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  • Trancoso, Tiago

Abstract

We evaluate the degree of business cycle interdependence in the global economic network, focusing on the hypothesis that emergent market (EM) economies have decoupled from advanced economies in the recent period of globalization. We employ a novel methodological approach to the study of business cycles synchronization that combines network analysis and dynamic correlations. We find a process of increasing transnational interdependence within and across all economic development groups. Our results suggest that EM do not form a cohesive group and support the view of an increasingly multipolar and interdependent global economic network.

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  • Trancoso, Tiago, 2014. "Emerging markets in the global economic network: Real(ly) decoupling?," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 395(C), pages 499-510.
    • Handle: RePEc:eee:phsmap:v:395:y:2014:i:c:p:499-510
    DOI: 10.1016/j.physa.2013.10.031
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    8. Jun, Doobae & Ahn, Changmo & Kim, Gwangil, 2017. "Analysis of the global financial crisis using statistical moments," Finance Research Letters, Elsevier, vol. 21(C), pages 47-52.
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