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Economic Cycles in Emerging and Advanced Countries: Synchronization, International Spillovers and the Decoupling Hypothesis

Economic Cycles in Emerging and Advanced Countries: Synchronization, International Spillovers and the Decoupling Hypothesis

Paperback

Series: Contributions to Economics

EconomicsInvesting & Finance

ISBN10: 3319368885
ISBN13: 9783319368887
Publisher: Springer Nature
Published: Oct 9 2016
Pages: 173
Weight: 0.61
Height: 0.41 Width: 6.14 Depth: 9.21
Language: English
​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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