nonparametric analysis and synchronization

Institutions and Business Cycles

JEL codes: 
C32, E32, E37
Version Date: 
Dec 2012

This paper investigates the relationship between the main features of business cycles and the institutional and structural characteristics of countries of up to 62 industrial, emerging and formerly centrally planned economies from all continents. We derive the business cycle characteristics using the nonparametric Harding-Pagan approach.

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