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Regional business cycles in emerging economies: a review of the literature

Author

Listed:
  • Alcides Padilla
  • Jorge David Quintero Otero

Abstract

Purpose - This article offers a review of the literature on regional business cycles (BCs) in emerging economies. The objective is synthesizing the existing studies based on theoretical, empirical and methodological approaches. Design/methodology/approach - The methodological framework includes the following stages: research questions, bibliography location, the selection of articles and the evaluation of the literature, analysis and synthesis, and the reporting and use of results. Findings - The evidence suggests that expansionary phases last longer than recessions'; public expenditure shows a pro-cyclical behavior; and factors such as productive structure and international trade explain the synchronization of regional BCs. Originality/value - Up until now, there is no research that performs a review of regional BCs in emerging economics.

Suggested Citation

  • Alcides Padilla & Jorge David Quintero Otero, 2022. "Regional business cycles in emerging economies: a review of the literature," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 18(11), pages 5217-5237, February.
    • Handle: RePEc:eme:ijoemp:ijoem-09-2021-1484
    DOI: 10.1108/IJOEM-09-2021-1484
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    Cited by:

    1. Quintero Otero, Jorge David & Padilla Sierra, Alcides de Jesús, 2024. "Impacto de la sincronización sub-nacional sobre el comportamiento de los ciclos nacionales en economías emergentes con inflación objetivo," Documentos Departamento de Economía 54, Universidad del Norte.

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