Showing 1 - 10 of 132
Persistent link: https://www.econbiz.de/10003756413
Persistent link: https://www.econbiz.de/10003764084
This paper aims at assessing the role of the United States in the global economy and its evolution over time. The … emergence of large economic players, like China, is likely to have weakened the role of the U.S. economy as a driver of global … to the rest of the world tends to fluctuate over time but remains large overall. Second, although the size of the …
Persistent link: https://www.econbiz.de/10003832378
Persistent link: https://www.econbiz.de/10003836051
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groupsindustrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10003794406
Persistent link: https://www.econbiz.de/10003414857
Persistent link: https://www.econbiz.de/10003448504
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examine how international...
Persistent link: https://www.econbiz.de/10003586563
Persistent link: https://www.econbiz.de/10003615067
The US economy is often considered to play a pivotal role in global growth. Such a view has persisted despite the … falling contribution of the US economy to global growth (from almost 30% in 1950 to around 20% at present). In this paper, we … analyse the veracity of this conjecture and consider the implications of cyclical developments in the US economy on the rest …
Persistent link: https://www.econbiz.de/10003599254