Economic Cycles in Emerging and Advanced Countries

Antonio Pesce

ISBN 10: 3319170848 / ISBN 13: 9783319170848

Published by Springer International Publishing, Springer International Publishing Apr 2015, 2015

About this Item

Neuware -¿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 authorargues that over the last thirty years,emerging economieshave 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.Thisresearch outlinesits wave-like path and presents newresults that contribute to the discussion.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 192 pp. Englisch.

Seller Inventory # 9783319170848

Bibliographic Details

• Title: Economic Cycles in Emerging and Advanced Countries
• Publisher: Springer International Publishing, Springer International Publishing Apr 2015
• Publication Date: 2015
• Language: English
• ISBN 10: 3319170848
• ISBN 13: 9783319170848
• Binding: Buch
• Condition: Neu
• Dimensions: 241W x 160H x 17D millimeters 241 millimeters width by 160 millimeters height by 17 millimeters depth
• Weight: 459 grams

About this title

Synopsis

​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.