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Business Cycle Synchronization: A Study of ECO members

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  • Saeed Rasekhi
  • Somaye Sadeghi

Abstract

business cycle synchronization is an important topic since it involves with transfering economic shocks among the countries with some degree of business cycle synchronization. The synchronization may be increased by integrating. Estimating index of synchronization(de-trended real GDP correlation)and then analyzing the results The results indicate the bilateral Synchronization in ECO integration. So, we suggest that the members should cooperate with each other and pay attention to the effects of their economic policies regarding to the Synchronization.

Suggested Citation

  • Saeed Rasekhi & Somaye Sadeghi, 2013. "Business Cycle Synchronization: A Study of ECO members," International Conference on Energy, Regional Integration and Socio-economic Development 6076, EcoMod.
    • Handle: RePEc:ekd:005741:6076
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    Keywords

    ECO members based on data availibilty; Trade and regional integration; Regional integration;
    All these keywords.

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