Economic Cycles in Emerging and Advanced Countries
ISBN:
978-3-319-36888-7
Auflage:
Softcover reprint of the original 1st ed. 2015
Verlag:
Springer International Publishing
Land des Verlags:
Schweiz
Erscheinungsdatum:
09.10.2016
Reihe:
Contributions to Economics
Format:
Softcover
Seitenanzahl:
173
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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.
Schlagwörter
