Real growth co-movements and business cycle synchronization in the GCC countries: Evidence from time-frequency analysis

A closer business cycle synchronization is foremost for establishing a stable and effective monetary union. In this paper, we examine whether this required condition is attained for the Gulf Cooperation Countries (GCC), to the extent that the latter have sought to create a common currency area in 20...

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Veröffentlicht in:	Economic modelling 2016-01, Vol.52, p.322-331
Hauptverfasser:	Aloui, Chaker, Hkiri, Besma, Nguyen, Duc Khuong
Format:	Artikel
Sprache:	eng
Schlagworte:	Business cycles Continuous wavelet transform Economic growth Growth rate Monetary unions Real GDP growth Studies Synchronization Time-frequency domain
Online-Zugang:	Volltext
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