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Economic Cycles in Emerging and Advanced Countries - Synchronization, International Spillovers and the Decoupling Hypothesis (Hardcover, 2015 ed.)
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Economic Cycles in Emerging and Advanced Countries - Synchronization, International Spillovers and the Decoupling Hypothesis (Hardcover, 2015 ed.)
Series: Contributions to Economics
Expected to ship within 12 - 17 working days
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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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