On the Asymmetry of Global Spillovers : Emerging Markets versus Advanced Economies
This paper examines growth spillovers between emerging markets and advanced economies. The empirical results, based on a two-bloc setup and cover 1991 to 2015, are twofold. First, the paper shows that the size of the spillovers running from emergin...
Main Authors: | , |
---|---|
Format: | Working Paper |
Language: | English |
Published: |
World Bank, Washington, DC
2018
|
Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/378711543854766001/On-the-Asymmetry-of-Global-Spillovers-Emerging-Markets-Versus-Advanced-Economies http://hdl.handle.net/10986/30984 |
id |
okr-10986-30984 |
---|---|
recordtype |
oai_dc |
spelling |
okr-10986-309842021-09-17T05:11:54Z On the Asymmetry of Global Spillovers : Emerging Markets versus Advanced Economies Arezki, Rabah Liu, Yang SPILLOVER EFFECT EMERGING MARKET ECONOMIES INTERDEPENDENCIES ADVANCED ECONOMIES BUSINESS CYCLES This paper examines growth spillovers between emerging markets and advanced economies. The empirical results, based on a two-bloc setup and cover 1991 to 2015, are twofold. First, the paper shows that the size of the spillovers running from emerging markets to advanced economies is about a fifth of those running from advanced economies to emerging markets. Second, the results point to spillovers from emerging markets to advanced economies having increased over the second half of the sample period. The paper presents suggestive evidence that the (evolving) structure of interdependencies plays an important role in explaining the existence of "asymmetrical spillovers" between these similar size blocs. 2018-12-11T18:21:48Z 2018-12-11T18:21:48Z 2018-12 Working Paper http://documents.worldbank.org/curated/en/378711543854766001/On-the-Asymmetry-of-Global-Spillovers-Emerging-Markets-Versus-Advanced-Economies http://hdl.handle.net/10986/30984 English Policy Research Working Paper;No. 8662 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Middle East and North Africa Middle East North Africa |
repository_type |
Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
English |
topic |
SPILLOVER EFFECT EMERGING MARKET ECONOMIES INTERDEPENDENCIES ADVANCED ECONOMIES BUSINESS CYCLES |
spellingShingle |
SPILLOVER EFFECT EMERGING MARKET ECONOMIES INTERDEPENDENCIES ADVANCED ECONOMIES BUSINESS CYCLES Arezki, Rabah Liu, Yang On the Asymmetry of Global Spillovers : Emerging Markets versus Advanced Economies |
geographic_facet |
Middle East and North Africa Middle East North Africa |
relation |
Policy Research Working Paper;No. 8662 |
description |
This paper examines growth spillovers
between emerging markets and advanced economies. The
empirical results, based on a two-bloc setup and cover 1991
to 2015, are twofold. First, the paper shows that the size
of the spillovers running from emerging markets to advanced
economies is about a fifth of those running from advanced
economies to emerging markets. Second, the results point to
spillovers from emerging markets to advanced economies
having increased over the second half of the sample period.
The paper presents suggestive evidence that the (evolving)
structure of interdependencies plays an important role in
explaining the existence of "asymmetrical
spillovers" between these similar size blocs. |
format |
Working Paper |
author |
Arezki, Rabah Liu, Yang |
author_facet |
Arezki, Rabah Liu, Yang |
author_sort |
Arezki, Rabah |
title |
On the Asymmetry of Global Spillovers : Emerging Markets versus Advanced Economies |
title_short |
On the Asymmetry of Global Spillovers : Emerging Markets versus Advanced Economies |
title_full |
On the Asymmetry of Global Spillovers : Emerging Markets versus Advanced Economies |
title_fullStr |
On the Asymmetry of Global Spillovers : Emerging Markets versus Advanced Economies |
title_full_unstemmed |
On the Asymmetry of Global Spillovers : Emerging Markets versus Advanced Economies |
title_sort |
on the asymmetry of global spillovers : emerging markets versus advanced economies |
publisher |
World Bank, Washington, DC |
publishDate |
2018 |
url |
http://documents.worldbank.org/curated/en/378711543854766001/On-the-Asymmetry-of-Global-Spillovers-Emerging-Markets-Versus-Advanced-Economies http://hdl.handle.net/10986/30984 |
_version_ |
1764473326405681152 |