Global and Developing Country Business Cycles

The purpose of the study is to identify and explain the phenomena of so-called business cycles in developing countries. The justification for doing so is twofold: _first,_ the observation that developing countries appear to be displaying cyclical patterns in their economic activity which are increasingly corresponding to such patterns in the advanced countries; and, _second,_ the relative dearth of studies of cycles in the developing countries. It is this lacuna that the present study attempts to contribute to filling