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Economic Cycles In Emerging And Advanced Countries
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    Specifications

    Category Type
    Economics & Political Sciences
    ISBN
    9783319170848.0
    Item EAN
    2724330362758
    People
    Author
    Antonio Pesce
    People
    Publisher
    Springer
    Category Type
    Economics & Political Sciences
    ISBN
    9783319170848.0
    Item EAN
    2724330362758
    People
    Author
    Antonio Pesce
    People
    Publisher
    Springer
    Languages and countries
    Book Language
    English
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    Description:

    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

    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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