Cyclical Fluctuations in CIS Economies:
This paper documents a number of stylized facts of quarterly frequency cyclical fluctuations in a specific group of developing economies, previously belonging to the same country organization, the former Soviet Union. We find that in these countries (1) fluctuations are in general less persistent th...
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| Format: | Elektronisch Artikel |
| Sprache: | English |
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Paris
OECD Publishing
2007
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| Zusammenfassung: | This paper documents a number of stylized facts of quarterly frequency cyclical fluctuations in a specific group of developing economies, previously belonging to the same country organization, the former Soviet Union. We find that in these countries (1) fluctuations are in general less persistent than elsewhere; (2) private consumption is extremely volatile; (3) net exports are procyclical and persistent in commodity exporter countries; (4) government consumption is a very important, dominantly procyclical determinant of output; (5) Belarus, Russia, Ukraine, and to a smaller degree, Kazakhstan and Moldova are surprisingly similar in the behavior of their GDP components, industrial production and certain nominal variables; (6) there is mixed evidence regarding the dominance of supply versus demand shocks. |
| Beschreibung: | 1 Online-Ressource (15 p.) 16 x 23cm. |
| DOI: | 10.1787/jbcma-v2007-art6-en |
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| 520 | |a This paper documents a number of stylized facts of quarterly frequency cyclical fluctuations in a specific group of developing economies, previously belonging to the same country organization, the former Soviet Union. We find that in these countries (1) fluctuations are in general less persistent than elsewhere; (2) private consumption is extremely volatile; (3) net exports are procyclical and persistent in commodity exporter countries; (4) government consumption is a very important, dominantly procyclical determinant of output; (5) Belarus, Russia, Ukraine, and to a smaller degree, Kazakhstan and Moldova are surprisingly similar in the behavior of their GDP components, industrial production and certain nominal variables; (6) there is mixed evidence regarding the dominance of supply versus demand shocks. | ||
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| spelling | Benczúr, Péter VerfasserIn aut Cyclical Fluctuations in CIS Economies Péter, Benczúr, Emin, Muradov and Attila, Rátfai Paris OECD Publishing 2007 1 Online-Ressource (15 p.) 16 x 23cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper documents a number of stylized facts of quarterly frequency cyclical fluctuations in a specific group of developing economies, previously belonging to the same country organization, the former Soviet Union. We find that in these countries (1) fluctuations are in general less persistent than elsewhere; (2) private consumption is extremely volatile; (3) net exports are procyclical and persistent in commodity exporter countries; (4) government consumption is a very important, dominantly procyclical determinant of output; (5) Belarus, Russia, Ukraine, and to a smaller degree, Kazakhstan and Moldova are surprisingly similar in the behavior of their GDP components, industrial production and certain nominal variables; (6) there is mixed evidence regarding the dominance of supply versus demand shocks. Economics Muradov, Emin MitwirkendeR ctb Rátfai, Attila MitwirkendeR ctb Enthalten in Journal of Business Cycle Measurement and Analysis Vol. 2007, no. 1, p. 121-135 volume:2007 year:2007 number:1 pages:121-135 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/jbcma-v2007-art6-en Volltext |
| spellingShingle | Benczúr, Péter Cyclical Fluctuations in CIS Economies Economics |
| title | Cyclical Fluctuations in CIS Economies |
| title_auth | Cyclical Fluctuations in CIS Economies |
| title_exact_search | Cyclical Fluctuations in CIS Economies |
| title_full | Cyclical Fluctuations in CIS Economies Péter, Benczúr, Emin, Muradov and Attila, Rátfai |
| title_fullStr | Cyclical Fluctuations in CIS Economies Péter, Benczúr, Emin, Muradov and Attila, Rátfai |
| title_full_unstemmed | Cyclical Fluctuations in CIS Economies Péter, Benczúr, Emin, Muradov and Attila, Rátfai |
| title_short | Cyclical Fluctuations in CIS Economies |
| title_sort | cyclical fluctuations in cis economies |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/jbcma-v2007-art6-en |
| work_keys_str_mv | AT benczurpeter cyclicalfluctuationsinciseconomies AT muradovemin cyclicalfluctuationsinciseconomies AT ratfaiattila cyclicalfluctuationsinciseconomies |