International Conference on Eurasian Economies
17-18 September 2013 – St. Petersburg, RUSSIA
Paper detail
Paper ID : 717
Status : Paper published
Language : English
Topic : Growth and Development
Presenter: Prof. Dr. Mehmet Balcılar
Session : 4A Growth & Development
Features of Business Cycles across the Middle East and North Africa: A Nonparametric Analysis
Features of Business Cycles across the Middle East and North Africa: A Nonparametric Analysis
- Prof. Dr. Mehmet Balcılar (Eastern Mediterranean University, TR of Northern Cyprus)
- Asst. Prof. Dr. Nezahat Küçük (Eastern Mediterranean University, TR of Northern Cyprus)
Abstract
In this paper, we provide a compressive analysis of business cycle characteristics across a large set of countries in the MENA region. Contrary to the majority of the papers on business cycles synchronization across the MENA region countries, we concentrate on the appearance of the cycle, not on its synchronization. We use robust methods that are not based on ad hoc filtering or parametric methods. Our findings suggest that important differences exist in the business cycle characteristics of the MENA region economies. We find evidence against a common reference cycle for a group of countries. Although the business cycle characteristics show some similarities among some small number of countries, overall the business cycle characteristics across the MENA countries are dissimilar.
JEL codes: F44, C14, N15
Balcılar, Mehmet, Küçük, Nezahat (2013). "Features of Business Cycles across the Middle East and North Africa: A Nonparametric Analysis" in Proceedings of International Conference of Eurasian Economies 2013, pp.109-115, St. Petersburg, RUSSIA.
DOI: https://doi.org/10.36880/C04.00717
Session 4A: Growth & Development
