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Economic Cycles in Emerging and Advanced Countries

Name: Economic Cycles in Emerging and Advanced Countries
Brand: Springer International Publishing AG
SKU: 15194022
Price: 51.22 EUR
Availability: InStock
Author: Antonio Pesce
ISBN: 9783319368887

Synchronization, International Spillovers and the Decoupling Hypothesis

Antonio Pesce

Language

English

Book Paperback

Libristo code: 15194022

Publishers Springer International Publishing AG, October 2016

This book contributes to the debate on the decoupling of emerging economies from the advanced econom... Full description

Libristo code: 15194022

125 b

51.22 €

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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.