Economic Cycles in Emerging and Advanced Countries

Name: Economic Cycles in Emerging and Advanced Countries
Brand: Springer Nature
SKU: 9783319170855
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Springer Nature

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9783319170855

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Product 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 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.

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