Classical business cycles in Latin America: Turning points, asymmetries and international synchronisation

  • Pablo Mejía Reyes El Colegio Mexiquense - University of Manchester
Keywords: Latin America, recession, economic transactions

Abstract

A classical business cycles approach is applied to study turning points, asymmetries and international synchronisation of business cycle regimes (expansion/recession) for several Latin American countries. The results suggest that recessions are characterised by deeper change, less persistence, and greater volatility than expansions. However, existing evidence about intra-regional economic transactions suggests that these associations might be explained by similar economic policies and common external shocks.

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Published
01-07-1999
How to Cite
Mejía ReyesP. (1999). Classical business cycles in Latin America: Turning points, asymmetries and international synchronisation. Estudios Económicos, 14(2), 265-297. https://doi.org/10.24201/ee.v14i2.222
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