Are Business Cycle Dynamics the Same across Countries? Testing Linearity around the Globe

We investigate business cycle dynamics for 26 countries, estimating a set of nonlinear models for real GDP where appropriate. We find a great deal of heterogeneity in the dynamics of real output growth across countries. At the same time, a common feature is the asymmetric response of real GDP to shocks and the tendency for negative real GDP shocks to be less persistent than positive real GDP shocks.

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Year of publication:	2007
Authors:	Bradley, Michael ; Jansen, Dennis
Published in:	Studies in Nonlinear Dynamics & Econometrics. - Berkeley Electronic Press. - Vol. 4.2007, 2, p. 51-71
Publisher:	Berkeley Electronic Press
Subject:	business cycle dynamics \| nonlinear \| international

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Extent:	application/pdf
Type of publication:	Article
Notes:	oai:bepress:
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10004966194