Sectoral Business Cycle Comovement-A Product of Synchronization over Time ?

@inproceedings{Sssmuth2002SectoralBC,
  title={Sectoral Business Cycle Comovement-A Product of Synchronization over Time ?},
  author={Bernd S{\"u}ssmuth and Ulrich Woitek},
  year={2002}
}
This paper argues that recent contributions on industrial business cycle comovement measure the outcome of a synchronization process, rather than the process itself and its development over time. For the quantification of synchronization underlying comovement over the business cycle, novel methods are proposed and applied to US manufacturing investments on… CONTINUE READING