Economic Cycles in Emerging and Advanced Countries

Synchronization, International Spillovers and the Decoupling Hypothesis
Softcover Nachdruck of the original 1. Auflage 2015
ISBN: 978-3-319-36888-7
Verlag: Springer International Publishing

Buch, Englisch, 173 Seiten, Previously published in hardcover, Format (B × H): 155 mm x 235 mm, Gewicht: 2993 g

Reihe: Contributions to Economics

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.

Zielgruppe

Research

Autoren/Hrsg.

Pesce, Antonio

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie

Inhaltsverzeichnis

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.