Economic Cycles in Emerging and Advanced Countries

Synchronization, International Spillovers and the Decoupling Hypothesis

Business & Finance, Economics, Econometrics, International Economics
Cover of the book Economic Cycles in Emerging and Advanced Countries by Antonio Pesce, Springer International Publishing
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Author: Antonio Pesce ISBN: 9783319170855
Publisher: Springer International Publishing Publication: April 20, 2015
Imprint: Springer Language: English
Author: Antonio Pesce
ISBN: 9783319170855
Publisher: Springer International Publishing
Publication: April 20, 2015
Imprint: Springer
Language: English

​This book contributes to the debate on the decoupling of emerging economies from the advanced economies with a new, empirical investigation approach. Taking counterfactual experiments performed using a time-varying panel VAR model, the author argues that over the last thirty years, emerging economies have become less vulnerable to shocks spreading from advanced economies. This resilience to external shocks has changed in a non-progressive manner over time, with phases of greater resilience followed by others of lower resilience and vice versa. This research outlines its wave-like path and presents new results that contribute to the discussion.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

​This book contributes to the debate on the decoupling of emerging economies from the advanced economies with a new, empirical investigation approach. Taking counterfactual experiments performed using a time-varying panel VAR model, the author argues that over the last thirty years, emerging economies have become less vulnerable to shocks spreading from advanced economies. This resilience to external shocks has changed in a non-progressive manner over time, with phases of greater resilience followed by others of lower resilience and vice versa. This research outlines its wave-like path and presents new results that contribute to the discussion.

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