Economic cycles in emerging and advanced countries : synchronization, international spillovers and the decoupling hypothesis / Antonio Pesce.
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 economie...
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| Online Access: |
Full Text (via Springer) |
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| Main Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
Cham :
Springer,
2015.
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| Series: | Contributions to economics (Springer (Firm))
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| Subjects: |
| Summary: | 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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| Physical Description: | 1 online resource (xviii, 173 pages) : illustrations (some color) |
| Bibliography: | Includes bibliographical references. |
| ISBN: | 9783319170855 3319170856 3319170848 9783319170848 |
| ISSN: | 1431-1933. |
| Source of Description, Etc. Note: | Online resource; title from PDF title page (SpringerLink, viewed April 28, 2015) |