References
- Anderson , T. W. 1958 . An Introduction in Multirariate Statistical Anylsis , New York : Wiley .
- Bernard , A. B. and Durlaud , S. N. 1995 . Convergence in international output . Journal of Applied Econometrics , 10 : 97 – 108 .
- Bernard , A. B. and Durlauf , S. N. 1996 . Interpreting lists of the convergence hypothesis . Journal of Econometrics , 71 : 161 – 174 .
- Campbell , J. and Mankiw , N. G. 1989 . lnternational evidence on the persistence of economic fluctuations . Journal of Monetary Economics , 23 : 319 – 333 .
- Canova , F. and Marrinan , J. 1998 . Sources and propagation of international output cycles: common shocks or transmission . Journal of International Economics , 46 : 133 – 166 .
- Canova , F. and Dellas , H. 1903 . Trade interdependence and international business cycle . Journal of International Economics , 34 : 23 – 49 .
- Cass , D. 1965 . Optimal growth in an aggregate model ol capital accumulation . Review of Economic Studies , 32 : 233 – 240 .
- Cheung , Y.-W. 1994 . Aggregate output dynamics in the twentieth century . Economics Letters , 45 : 15 – 22 .
- Cheung , Y.-W. and Lai , K. S. 1993 . Finite sample sizes of Johansen's likelihood ratio test for cointegration . Oxford Bulletin of Economics and Statistic , 55 : 313 – 328 .
- Durlauf , S. N. 1989 . Output persistence, economic structure, and the choice of stabilization policy . Brookings Papers on Economic Activity , 2 : 69 – 136 .
- Durlauf , S. N. and Quah , D. T. 1998 . The New Empirics of Economic Growth , Working Paper No. 384 Center for Economic Performance .
- Engle , R. F. and Granger , C. W. J. 1987 . Cointegration and error correction: representation, estimation, and testing . Econometrica , 55 : 251 – 276 .
- Engle , K. F. and Issler , V. 1995 . Estimating common sectoral cycles . Journal of Monetery Economics , 35 : 83 – 113 .
- Engle , R. K. and Kozicki , S. 1993 . Testing for common features . Journal of Business and Economics Statistics , 11 : 369 – 379 .
- Glick , R. and Rogolf , K. 1995 . Global versus country-specific productivity shocks and the current account . Journal of Manetary Economics , 35 : 159 – 192 .
- Johansen , S. 1991 . Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models . Econometrica , 59 : 1551 – 1581 .
- King , R. G. , Plosser , C. L. , Stock , J. H. and Watson , M. W. 1991 . Stochastic trends and economic fluctuations . American Economic Review , 81 : 819 – 840 .
- Kwark , N.-S. 1999 . Sources of international business cycle fluctuations: country specific or worldwide shocks? . Journal of International Economics , 48 : 367 – 385 .
- Kydland , F. F. and Prescott , E. C. 1982 . Time to build and aggregate fluctuations . Econometrica , 50 : 1345 – 1370 .
- Lau , S. H. P. 1999 . I(0) in, integration and cointegration out: time series properties of endogenous growth models . Journal of Economitrics , 93 : 1 – 24 .
- Lee , K. 1998 . Cross-country interdependencies in growth dynamics: a model of output growth in the G7 ecomomies, 1964–1994 . Weltwirtschaftliches Archiv , 134 : 367 – 403 .
- Lucke , B. 1998 . Productivity shocks in a sectoral real business cycle model for West German . European Economic Review , 42 : 311 – 327 .
- Lumsdaine , R. L. and Prasad , E. S. 1997 . Identifying the Common Component in International Economic Fluctuations , NBER Working Paper 5984
- Marinell , G. 1995 . Multivariate Verfahren , Oldenbourg : Müenchen .
- Mundell , R. A. 1961 . A theory of optimum Currency areas . American Economic Review , 51 : 657 – 675 .
- Quah , D. T. 1992 . International Patterns of Growth. I: Persistence in Cross-Country Disparities , London School of Economics . Working Paper
- Romer , P. M. 1986 . Increasing returns and long-run growth . Journal of Political Economy , 94 : 1002 – 1017 .
- Solow , R. M. 1956 . A contribution to the theory of economic growth . Quarterly Journal of Economics , 70 : 65 – 94 .
- Stock , J. H. and Watson , M. W. 1988 . Testing for common trends . Journal of American Statistical Association , 83 : 1097 – 1107 .
- Taylor , A. M. 1999 . Sources of convergence in the late nineteenth century . European Economic Review , 43 : 1621 – 1645 .
- Vahid , F. and Engle , R. F. 1993 . Common trends and common cycles . Journal of Applied Economitrics , 8 : 341 – 360 .