کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
969312 931742 2010 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The changing nature of the U.S. economic influence in the World
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The changing nature of the U.S. economic influence in the World
چکیده انگلیسی

We argue that the U.S.-led global recession revealed a change in the nature of the U.S. economic influence over the world, evidenced by the unusual delay between the U.S. downturn and its full manifestation in other economies. To validate our argument we conduct a real-time analysis of the evolution of the U.S. business cycles’ influence over other countries’ business cycles from 1960 to 2007. Our findings suggest that since the early 1980s, cyclical movements in the U.S. economy affect other economies with a lag, rather than contemporaneously. There seems to be an increasing delay between a U.S. downturn and its full manifestation in other economies, suggesting that the U.S. economic influence is still strong but more delayed than before.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Policy Modeling - Volume 32, Issue 2, March–April 2010, Pages 196–209
نویسندگان
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