On the Asymmetry of Global Spillovers : Emerging Markets versus Advanced Economies

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...

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Bibliographic Details
Main Authors: Arezki, Rabah, Liu, Yang
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
SPILLOVER EFFECT
EMERGING MARKET ECONOMIES
INTERDEPENDENCIES
ADVANCED ECONOMIES
BUSINESS CYCLES
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

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