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:	2000
Authors:	Bradley, Michael D. ; Jansen, Dennis W.
Published in:	Studies in Nonlinear Dynamics & Econometrics. - De Gruyter, ISSN 1558-3708, ZDB-ID 1385261-9. - Vol. 4.2000, 2
Publisher:	De Gruyter
Subject:	business cycle dynamics \| nonlinear \| international

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Type of publication:	Article
Type of publication (narrower categories):	research-article
Language:	English
Other identifiers:	10.2202/1558-3708.1056 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10014620827