WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

Permanent URI for this collectionhttps://hdl.handle.net/11147/7150

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Author: search.filters.author.Duran, Hasan EnginSubject: search.filters.subject.Synchronization

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  • Article
    Citation - WoS: 6
    Citation - Scopus: 9
    Dynamics of Business Cycle Synchronization in Turkey
    (Savez Ekonomista Vojvodine, 2015) Duran, Hasan Engin
    The aim of the present article is to investigate the economic determinants of the synchronization across regional business cycles in Turkey between 1975 and 2010. The vast majority of studies in this field have concentrated on well-known determinants, such as inter-regional trade, financial integration, and industrial specialization, while largely ignoring spatial and geographical factors, including differences across regions in agglomeration, localization economies, market size, and urbanization. In this article, we incorporate these variables into our analysis and evaluate their roles in the comovement of regional business cycles. Our findings indicate two major results: first, low degree of synchronization during 1975-2000 has switched to relatively more correlated and synchronously moving regional cycles during 2004-2010. Second, having tested the variety of determinants, we find that the pairs of regions that have more similar industrial structure and market size, trade integration, and arbitrary degree of agglomeration and urbanization tend to synchronize more. Significance of these variables is robustly evident regardless of the time period analyzed and of the type of methodology employed.
  • Article
    Citation - WoS: 10
    Citation - Scopus: 14
    Business Cycle Dynamics Across the Us States
    (Walter de Gruyter GmbH, 2013) Magrini, Stefano; Gerolimetto, Margherita; Duran, Hasan Engin
    The analysis of synchronization among regional or national business cycles has recently been attracting a growing interest within the economic literature. Far less attention has instead been devoted to a closely related issue: given a certain level of synchronization, some economies might be systematically ahead of others along the swings of the business cycle. We analyze this issue within a system of economies and show that leading (or lagging behind) is a feature that does not occur at random across the economies. In addition, we investigate the economic drivers that could explain this behavior. To do so, we employ data for 48 conterminous US states between 1990 and 2009. © 2013 by Walter de Gruyter Berlin Boston.