By a News Reporter-Staff News Editor at Business & Finance Week -- Current study results on Finance - Economics and Finance have been published. According to news reporting originating from Toluca, Mexico, by VerticalNews correspondents, research stated, “The aim of this paper is to identify the explaining factors of the synchronization of the business cycles of the Mexican states and those of the US economy. The cycle indicator is obtained by de trending the series of total formal employment (Mexican states) and nonfarm employment and industrial production (US).”
Our news editors obtained a quote from the research from Autonomous University, “In general, our panel data model estimations suggest the existence of spatial autocorrelation and significant time-period fixed effects. Also, the estimates indicate a significant and positive effect of the ratio of foreign direct investment to gross domestic product (GDP), which may be supplementing the impact of international trade (driven by the most internationally integrated states) and a negative effect of the ratio of remittances to GDP (driven by less integrated states).”
According to the news editors, the research concluded: “Finally, the evidence suggests that more similar productive structures yield more synchronized business cycles.”
For more information on this research see: International synchronization of the Mexican states business cycles: Explaining factors. North American Journal of Economics and Finance , 2018;44():278-288. North American Journal of Economics and Finance can be contacted at: Elsevier Science Inc, 360 Park Ave South, New York, NY 10010-1710, USA. (Elsevier - www.elsevier.com; North American Journal of Economics and Finance - http://www.journals.elsevier.com/north-american-journal-of-economics-and-finance/)
The news editors report that additional information may be obtained by contacting P. Mejia-Reyes, Univ Autonoma Estado Mexico, Fac Econ, Center Invest Ciencias Econ, Toluca, Mexico. Additional authors for this research include L. Rendon-Rojas, R. Vergara-Gonzalez and P. Aroca.
The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.najef.2018.01.009. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.
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CITATION: (2018-05-05), Recent Research from Autonomous University Highlight Findings in Economics and Finance (International synchronization of the Mexican states business cycles: Explaining factors), Business & Finance Week, 98, ISSN: 1945-6441, BUTTER® ID: 015577852
From the newsletter Business & Finance Week.
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