International business cycle synchronization since the 1870s: Evidence from a novel network approach
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文摘

Examine business cycle synchronization in 27 developed and developing countries between 1875 and 2013.

Employ a novel network approach, the Threshold-Minimum Dominating Set that uses tools from graph theory.

Results reveal heterogeneous patterns of business cycle synchronization during various globalization periods since the 1870s.

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