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Book 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.

Book details

Book category Books in English Economics, finance, business & management Economics Macroeconomics

• Full title: Economic Cycles in Emerging and Advanced Countries
• Subtitle: Synchronization, International Spillovers and the Decoupling Hypothesis
• Author: Antonio Pesce
• Language: English
• Binding: Hardback
• Number of pages: 173
• EAN: 9783319170848
• ISBN: 3319170848
• ID: 09219433
• Publisher: Springer International Publishing AG
• Weight: 4144 g
• Dimensions: 235 × 155 × 237 mm
• Date of publishing: 20. April 2015

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