The duration of acceleration cycle downturns: duration dependence, international dynamics and synchronisation

نویسندگان

چکیده

Abstract This paper analyses the factors that affect duration of economic downturns using data for growth (acceleration) cycles 13 industrialised countries over period 1950–2018. Our findings show downturn periods die old age. We also find when trading partners are in a downturn, country’s is likely to be shorter, outcome common stabilisation mechanisms or terms trade changes. Additionally, more open economies found experience shorter and European Union higher level synchronisation than others. Lastly, linkages intensify acceleration cycle synchronisation.

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ژورنال

عنوان ژورنال: Empirical Economics

سال: 2022

ISSN: ['1435-8921', '0377-7332']

DOI: https://doi.org/10.1007/s00181-022-02299-1