Economic Cycles in Emerging and Advanced Countries

Synchronization, International Spillovers and the Decoupling Hypothesis

  • Antonio Pesce

Part of the Contributions to Economics book series (CE)

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Antonio Pesce
    Pages 1-7
  3. Antonio Pesce
    Pages 51-111
  4. Antonio Pesce
    Pages 171-173

About this book


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.


Advanced Countries Bank Lending Bayesian Methods Emerging Countries International Transmission of Shocks

Authors and affiliations

  • Antonio Pesce
    • 1
  1. 1.MilanItaly

Bibliographic information