Economic Comovement among Emerging Economies with Business Group Influences
Ulas Ograk, Tammy Parker

Abstract
This paper explores the existence of common business cycles between three emerging economies: Mexico, Turkey, and India. These three economies share traits related to economic emergence and growth. Additionally, all three countries have business groups that influence their public and private sectors. However, despite these similarities between these three economies, the findings do not support a common business cycle. The lack of a common business cycle may offer diversification to investors looking to invest in emerging countries.

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