G7 Countries – Advocates of the Global Business Cycle

Dating Business Cycle in Oil Exporting Countries

In this paper, we empirically investigate the relationship between oil price changes and output in a group of oil exporting countries. The dynamics of business cycles in Libya, Saudi Arabia, Nigeria, Kuwait, Venezuela and Qatar are modeled by alternative regime switching models. We show that the extension of uni-variate Markov Switching model in order to include oil revenue improves dating busi...

The Effect of Business Cycle Fluctuations on Import Protection in Selected Developing Countries

In recent decades, theorists proposed the role of domestic components such as interior active groups, policies and macroeconomic indicators on determination of protection policies. In the context of recent studies, this study has investigated the effect of business cycle fluctuations on import protection for selected developing countries in 1995-2011 by using dynamic panel data method. Furtherm...

Germany, the G7, and global health.

Remember global health? It had a fantastic 10 years from 2002-12—the “golden decade” of rising health aid—but is now slipping down the international agenda. Some development experts argue that other sectors, such as agriculture, should “take centre stage.” This is misguided. Health investment is the largest contributor to sustainable development. And a retreat from health would threaten the imp...

Business Cycle Synchronization and Patterns of Trade: Cases from Gulf Cooperation Council Countries

 Do similarities in trade patterns of GCC countries (UAE, KSA, Qatar, Bahrain, Kuwait, and Oman), which are geographically and politically alike and also enjoy oil income, affect the synchronization of their business cycles and make them have similar booms and busts? In this paper, we attempt to connect these two features and explore this question. Using various estimation methods (Common Corre...

Business Cycle Features In The Iranian Economy