Cyclical Fluctuations in the Exports of the United States since 1879. Studies in Business Cycles No. 15.

1968 ◽  
Vol 78 (312) ◽  
pp. 935
Author(s):  
Sidney Wells ◽  
I. Mintz
2021 ◽  
Vol 81 (319) ◽  
pp. 37
Author(s):  
Dulce Albarrán Macías ◽  
Pablo Mejía Reyes ◽  
Francisco López Herrera

<p>El objetivo de este documento es analizar la sincronización de los ciclos económicos de México y Estados Unidos durante el periodo 1981-2017 mediante la estimación de un coeficiente de correlación condicional dinámica que permite tener una estimación para cada periodo de tiempo. Los resultados, obtenidos a partir de distintos indicadores de producción y métodos de eliminación de tendencia, muestran un aumento desde la apertura de la economía mexicana a mediados de la década de 1980, especialmente durante las recesiones de 2001-2002 y 2008-2009 y también una serie de descensos aislados, explicados por diferencias en los ritmos de crecimiento de ambas economías, y una declinación sostenida en la fase pos-Gran Recesión que se explica principalmente por reducciones en el comercio exterior.</p><p> </p><p align="center">SYNCHRONIZATION OF THE BUSINESS CYCLES OF MEXICO AND THE UNITED STATES: A DYNAMIC CORRELATION APPROACH</p><p align="center"><strong>ABSTRACT</strong></p><p>The objective of this paper is to analyze the business cycle synchronization of Mexico and the United States over the period 1981-2017 by estimating a dynamic conditional correlation coefficient that allows us to have an estimate for each time period. The results, obtained from different production indicators and different de-trending methods, show an increase in this synchronization after the opening of the Mexican economy in the mid-eighties, especially during the common recessions of 2001-2002 and 2008-2009, and some isolated drops explained by differences in the growth rates of both economies as well as a sustained decline in the post-Great Recession phase resulting from the decline of international trade.</p>


2018 ◽  
Vol 10 (1) ◽  
pp. 361-386 ◽  
Author(s):  
Andrea L. Eisfeldt ◽  
Yu Shi

Capital reallocation is procyclical, despite measured productive reallocative opportunities being acyclical or even countercyclical. This article reviews the advances in the literature studying the causes and consequences of capital reallocation (or lack thereof). We provide a comprehensive set of stylized facts about capital reallocation for the United States and an illustrative model of capital reallocation in equilibrium. We relate capital reallocation to the broader literatures on business cycles with financial frictions and on resource misallocation and aggregate productivity. Throughout, we provide directions for future research.


2007 ◽  
Vol 71 (1) ◽  
pp. 1-15 ◽  
Author(s):  
Lien Lamey ◽  
Barbara Deleersnyder ◽  
Marnik G. Dekimpe ◽  
Jan-Benedict E.M. Steenkamp

1971 ◽  
Vol 31 (4) ◽  
pp. 885-897 ◽  
Author(s):  
Lowell E. Gallaway ◽  
Richard K. Vedder

Between the years 1860 and 1913 approximately twelve million people took passage from the United Kingdom to extra-European countries. The bulk of the migration stream (about 125,000 people per year) was directed toward the United States; it is this movement of population that is the subject of our article. The flow of individuals from the United Kingdom to the United States in this period ranged from 38,000 in 1861 to 202,000 in 1887 with marked cyclical fluctuations. For example, in 1873 the flow was 167,000 and by 1877 it was only 45,000. Variations of this magnitude pose the interesting intellectual question of whether or not they can be explained. This is not a new question; there are frequent references in the literature to the possible causes of this movement and the emigration from the United Kingdom that it implies. Studies focus on various economic influences on emigration. There is little in this period in the socio-political environment of the United Kingdom that would prompt individuals to emigrate in order to flee intolerable religious or political persecution.


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