1.

Record Nr.

UNINA9910298509503321

Autore

Pesce Antonio

Titolo

Economic Cycles in Emerging and Advanced Countries [[electronic resource] ] : Synchronization, International Spillovers and the Decoupling Hypothesis / / by Antonio Pesce

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2015

ISBN

3-319-17085-6

Edizione

[1st ed. 2015.]

Descrizione fisica

1 online resource (189 p.)

Collana

Contributions to Economics, , 1431-1933

Disciplina

338.5/42

338.542

Soggetti

International economics

Econometrics

Macroeconomics

Economic policy

Trade

Business

Commerce

International Economics

Macroeconomics/Monetary Economics//Financial Economics

Economic Policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Introduction -- The Decoupling of Emerging Economies, a Long-Debated Issue but Still an Open Question. A Survey -- Is Decoupling in Action?- The International (Spillovers in) Macroeconomic-Credit Linkages and the Decoupling Phenomenon -- Conclusions.

Sommario/riassunto

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.