01668cas a2200253 a 4500 AALejournalIMF007587 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451930085 1018-5941 BD-DhAAL BD-DhAAL Schlagenhauf, Don. The Identification of the Causes of Business Cycles Across Countries / Don Schlagenhauf, Stefan Norrbin. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Empirical research has been conducted on the various theories of the business cycle over many countries. However, very little research has attempted to undertake a multi-country disaggregate investigation into the sources of output change. This paper decomposes fluctuations in industry output in a particular country into: (1) a nation specific shock; (2) an industry specific shock; (3) a world shock; and (4) an idiosyncratic factor. Using a dynamic factor analysis-state-space approach, the paper finds that the nation-specific shock is the most important impulse. Mode of access: Internet Norrbin, Stefan. IMF Working Papers; Working Paper ; No. 1990/004 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/004/001.1990.issue-004-en.xml IMF e-Library