01683cas a2200241 a 4500 AALejournalIMF009859 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451869125 1018-5941 BD-DhAAL BD-DhAAL Roache, Shaun. Central America's Regional Trends and U.S. Cycles / Shaun Roache. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (30 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 The economies of Central America share a close relationship with the United States, with considerable comovement of GDP growth over a long period of time. Trade, the financial sector, and remittance flows are all potential channels through which the U.S. cycle could affect the region. But just how dependent is growth in the region on the U.S.? Using the common cycles method of Vahid and Engle (1993), this paper suggests that the business cycle is dominated by the U.S.; region-specific growth drivers tend to be long-lasting shocks, rather than temporary fluctuations. The most cyclically sensitive countries include Costa Rica, El Salvador, and Honduras. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2008/050 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/050/001.2008.issue-050-en.xml IMF e-Library