Has the NAFTA foundation affected business cycles length? An introduction
Has the NAFTA foundation affected business cycles length? An introduction
Author(s): Dimitrios Dapontas, Panagiotis EvangelopoulosSubject(s): Business Economy / Management, Recent History (1900 till today), Economic development
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: Business cycles; NAFTA; developed and developing economies economic integration; economic growth; JEL classification; E32;
Summary/Abstract: This paper is explaining the relationship between NAFTA foundation and business cycles length. Has the participation in a multinational organization changed their frequency? Initially; we used GDP per capita growth annual data for each country countries (Canada, Mexico and USA) for 63 years (1950-2012). The data was cut for each country in two pieces one before the 1995 and one on the year of integration and after. Then we selected their spectral density plots in order to find periodicity eliminating the background noise from a periodogram. The results show that Canada doubled its cycle length progressively. Mexico and USA seem to have currently smaller but growing cycles than they used to have.
Journal: Analele Ştiinţifice ale Universităţii »Alexandru Ioan Cuza« din Iaşi. Ştiinţe economice
- Issue Year: 60/2013
- Issue No: 1
- Page Range: 57-66
- Page Count: 10
- Language: English