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Linkages of International Business Cycle: An Euclidean Distance-Based Network Approach

Author

Listed:
  • Zeeshan Nezami Ansari

    (Department of Economics, GITAM (Deemed to be University) Bengaluru, Bengaluru, Karnataka, India)

  • Md Mustafa

    (DOP-Knowledge Services, Wipro Technologies Limited, Gurugram, Haryana, India)

  • Rajendra Narayan Paramanik

    (Department of Humanities and Social Sciences, Indian Institute of Technology Patna, Patna, Bihar, India)

Abstract
This paper studies the International Business Cycle synchronisation of 28 OECD countries with quarterly data from 2000 to 2021. Both phase co-movement as well as amplitude similarity are examined through Concordance index and Euclidean distance-based network graphs, respectively. The result indicates that phase co-movements are synchronised with each other throughout whole time span, but during crisis periods, there is more synchronisation than in periods of normalcy. Further, amplitude similarity is observed to dip over two subsequent normal periods, but it remains high during the crises.

Suggested Citation

  • Zeeshan Nezami Ansari & Md Mustafa & Rajendra Narayan Paramanik, 2024. "Linkages of International Business Cycle: An Euclidean Distance-Based Network Approach," Economic Research Guardian, Mutascu Publishing, vol. 14(2), pages 163-175, December.
    • Handle: RePEc:wei:journl:v:14:y:2024:i:2:p:163-175
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Business Cycle; Crisis; OECD countries; Euclidean Distance; Network;
    All these keywords.

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • G01 - Financial Economics - - General - - - Financial Crises

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