% INVESTMENT SPECIFIC TECHNOLOGY SHOCKS AND EMERGING MARKET BUSINESS CYCLE DYNAMICS.
% AYDAN DOGAN

% This folder contains the Matlab and Dynare codes to replicate the results of the paper. 

% The resutls are obtained by using Matlab R2013a and Dynare 4.5.4.

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IST_EST.mod - This is the Dynare code that produces the results reported in Tables 2 and 3. 

MEX_US_ANNUAL.mat - Data. 

IST_CALIB.mod - This produces IRF Figures and secod order moments reported. 

CST_EST.mod - This is the Dynare code that produces the results reported in the appendix.  

Approximate computation time for estimations: 2 hrs, 20 mins each.