Global business cycle and current world recession synchronization
Economic Annals-XXI: Volume 113, Issue 3-4, Pages: 24-27
Citation information:
Palamarchuk, M. V. (2011). Global business cycle and current world recession synchronization. Economic Annals-XXI, 3-4, 24-27. https://ea21journal.world/index.php/ea-v113-07/
M. V. Palamarchuk
Global business cycle and current world recession synchronization
Abstract. In this paper we describe the influence of the past half-century strongest financial turmoil on the global economic system, and using the Markov switching model, we investigate the degree of synchronization of business cycles between countries.
Keywords: Global Economic Cycle; Synchronization of Business Cycles; Markov Switching Model
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