Business Cycles synchronicity and income levels: has globalization brought us closer than ever? Rosmy Jean Louis* Daniel Simons Abstract



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Table 9 Synchronicity of Cycles within Groups based on Various Reference Cycles for the Samples 1970-1989 and 1990 - 2008


 

 

 

 

 

LICs

 

 

 

 

 

1970-1989

 

1990-2008

CRITERIA

 

Country

Bivariate

Multivariate

Country

Bivariate

Multivariate

Min_Gap

 

Congo

0.48

0.40

Haiti

0.42

0.50

Median

 

Fictitious

0.55

1.00

Fictitious

0.64

0.90

Max_Average

 

Indonesia

0.31

0.40

Myanmar

0.33

0.33

Median_Average

 

Nepal

0.54

0.65

Malawi

0.36

0.40

Max_Median

 

Indonesia

0.31

0.40

Mayanmar

0.33

0.33

Global Average

 

 

0.44

0.57

 

0.42

0.49

Global Average -Fictitious

 

 

0.41

0.46

 

0.36

0.39

 

 

 

 

 

LMC

 

 

CRITERIA

 

 

 

 

 

 

 

Min_Gap

 

Nauru

0.58

0.60

Jamaica

0.35

0.20

Median

 

Fictitious

0.70

1.00

Fictitious

0.83

0.90

Max_Average

 

China

0.46

0.50

China

0.55

0.50

Median_Average

 

Morocco

0.27

0.30

Iran

0.60

0.45

Max_Median

 

China

0.46

0.50

China

0.55

0.50

Global Average

 

 

0.49

0.58

 

0.58

0.51

Global Average -Fictitious

 

 

0.44

0.48

 

0.51

0.41

 

 

 

 

 

UMC

 

 

CRITERIA

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Min_Gap

 

Chile

0.45

0.65

Gabon

0.43

0.50

Median

 

Fictitious

0.87

0.90

Fictitious

0.92

0.94

Max_Average

 

Botswana

0.52

0.60

Equatorial Guinea

0.43

0.56

Median_Average

 

South Africa

0.66

0.75

Equatorial Guinea

0.43

0.56

Max_Median

 

Botswana

0.52

0.60

Equatorial Guinea

0.43

0.56

Global Average

 

 

0.60

0.70

 

0.53

0.62

Global Average -Fictitious

 

 

0.54

0.65

 

0.43

0.55

 

 

 

 

 

HIC-OECD

 

 

CRITERIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Min_Gap

 

Luxembourg

0.75

0.80

Sweden

0.86

0.72

Median

 

Fictitious

0.84

1.00

Fictitious

0.91

1.00

Max_Average

 

Iceland

0.50

0.40

Ireland

0.60

0.61

Median_Average

 

France

0.74

0.70

Sweden

0.86

0.72

Max_Median

 

Iceland

0.50

0.40

Ireland

0.60

0.61

Ad_Hoc

 

USA

0.65

0.75

USA

0.73

0.67

Global Average

 

 

0.65

0.65

 

0.74

0.72

Global Average -Fictitious

 

 

0.63

0.61

 

0.73

0.67

 

 

 

 

 

HIC-OTHER

 

 

CRITERIA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Min_Gap

 

Qatar

0.46

0.55

Andorra

0.34

0.40

Median

 

Fictitious

0.76

1.00

Fictitious

0.75

0.94

Max_Average

 

Aruba

0.54

0.60

Virgin Island

0.55

0.67

Median_Average

 

French Polynesia

0.60

0.30

Antigua-Barbados

0.33

0.44

Max_Median

 

Aruba

0.54

0.60

Virgin Island

0.55

0.67

Global Average

 



0.58

0.61

 

0.50

0.62

Global Average -Fictitious

 

 

0.54

0.51

 

0.44

0.55

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