JACOBO ALEJANDRO DAMIÁN
Artículos
Título:
Are the Business Cycles of Argentina and Brazil Different? New Features and Stylized Facts
Autor/es:
ALEJANDRO D. JACOBO
Revista:
Paradigma Económico
Editorial:
Universidad Autónoma del Estado de México
Referencias:
Lugar: México; Año: 2020 vol. 12 p. 5 - 5
ISSN:
2007-3062
Resumen:
his paper deals with the macroeconomic behavior of Argentina and Brazil for the period 1995.1-2018.4. It explores whether their economic fluctuations followed a similar pattern according to their duration, intensity and timing. Although some features clearly coincide, accor-ding to the findings, Argentina?s business fluctuations are sharper and longer than those of Brazil. If they are analyzed together, the highest coincidence is observed in GDP fluctuations (72% of the observations lie on the same side of the zero line). Nevertheless, as to the rest of GDP components, the coincidences drop to nearly 50%. While Argentinian GDP, private consumption and imports have a significant correlation with their Brazilian counterparts, this association is quite modest.