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Macroeconomic homogeneity within Mercosur: An overview

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  • Aldo A. Arnaudo

    (Universidad Nacional de Córdoba)

  • Alejandro D. Jacobo

    (University Nacional de Córdoba)

Abstract

Similar business fluctuations are considered a necessary condition for the harmonization of economic policies and institutions within countries involved in an economic integration process. This paper deals with the macroeconomic performance of Mercosur countries during the last twenty five years. Its aim is threefold. First, to determine whether the economic fluctuations of Mercosur countries had a similar behavior according to their duration, intensity and timing. Second, to evaluate the reaction of the economies to demand and supply shocks; an exercise which is made only for Argentina and Brazil. Third, to study simultaneously the economic fluctuations of the four countries.

Suggested Citation

  • Aldo A. Arnaudo & Alejandro D. Jacobo, 1997. "Macroeconomic homogeneity within Mercosur: An overview," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 12(1), pages 37-51.
    • Handle: RePEc:emx:esteco:v:12:y:1997:i:1:p:37-51
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    Cited by:

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    2. Pablo Mejía-Reyes, 2000. "Asymmetries and Common Cycles in Latin America: Evidence from Markov-Switching Models," Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(2), pages 189-225, July-Dece.
    3. Jorge Herrera Hernández, 2004. "Business cycles in Mexico and the United States: Do they share common movements?," Journal of Applied Economics, Universidad del CEMA, vol. 7, pages 303-323, November.
    4. Luciano Campos & Jesús Ruiz Andújar, 2022. "Common and idiosyncratic components of Latin American business cycles connectedness," Journal of Applied Economics, Taylor & Francis Journals, vol. 25(1), pages 691-722, December.
    5. Herrera Hernandez, Jorge, 2004. "Business cycles in Mexico and the United States: Do they share common movements?," Journal of Applied Economics, Universidad del CEMA, vol. 7(2), pages 1-21, November.
    6. Cesar Sobrino & Ellis Heath, 2013. "Currency Area and Non-synchronized Business Cycles between the US and Puerto Rico," Economics Bulletin, AccessEcon, vol. 33(3), pages 1948-1958.
    7. Herrera Hernandez, Jorge, 2004. "Business cycles in Mexico and the United States: Do they share common movements?," Journal of Applied Economics, Universidad del CEMA, vol. 7(2), pages 1-21, November.
    8. Pablo Mejía-Reyes, 1999. "Classical business cycles in Latin America: Turning points, asimmetries and international synchronisation," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 14(2), pages 265-297.

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