Global Business Cycles Network

This webpage provides supplementary material for the paper "Dynamics of Global Business Cycles Interdependence" by Lorenzo Ductor and Danilo Leiva-León.

Note. The frames corresponding to dynamic multidimensional scaling maps based on the distance between the business cycles of 43 developed and developing countries. The closer two countries are in the map, the higher is their business cycles synchronization. Links between pairs of countries are drawn if the probability that both countries are in a synchronized phase is higher than 0.5.

Countries: AR (Argentina), AU (Australia), AT (Austria), BE (Belgium), BR (Brazil), BG (Bulgaria), CA (Canada), CL (Chile), CN (China), DK (Denmark), FI (Finland), FR (France), DE (Germany), GR (Greece), HK (Hong Kong), IS (Iceland), ID (Indonesia), IQ (Iraq), IE (Ireland), IT (Italy), JP (Japan), LU (Luxembourg), MY (Malaysia), MX (Mexico), NL (Netherlands), NZ (New Zealand), NO (Norway), PH (Philippines), PT (Portugal), RO (Romania), SG (Singapore), ZA (South Africa), KR (South Korea), ES (Spain), SE (Sweden), CH (Switzerland), TW (Taiwan), TH (Thailand), TR (Turkey), GB (United Kingdom), US (United States), VE (Venezuela), AA (Africa).