Economic Cycles in Emerging and Advanced Countries, Softcover reprint of the original 1st ed. 2015 Synchronization, International Spillovers and the Decoupling Hypothesis Contributions to Economics Series
Langue : Anglais
Auteur : Pesce Antonio
?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.
Introduction.- The Decoupling of Emerging Economies, a Long-Debated Issue but Still an Open Question. A Survey.- Is Decoupling in Action?- The International (Spillovers in) Macroeconomic-Credit Linkages and the Decoupling Phenomenon.- Conclusions.
Applies a new approach for the empirical study of the decoupling hypothesis Presents new empirical evidence to explain the economic relationship between emerging and advanced countries Explains and illustrates how to use the time-varying panel VAR model with factorized coefficients Includes supplementary material: sn.pub/extras
Date de parution : 10-2016
Ouvrage de 173 p.
15.5x23.5 cm
Date de parution : 04-2015
Ouvrage de 173 p.
15.5x23.5 cm
Thèmes d’Economic Cycles in Emerging and Advanced Countries :
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