scholarly journals China and the World Economy: Wavelet Spectrum Analysis of Business Cycles

Author(s):  
Jitka Pommnkovv ◽  
Jarko Fidrmuc ◽  
Iikka Korhonen
Economía ◽  
2012 ◽  
Vol 12 (2) ◽  
pp. 1-75 ◽  
Author(s):  
Ambrogio Cesa-Bianchi ◽  
M. Hashem Pesaran ◽  
Alessandro Rebucci ◽  
TengTeng Xu

Author(s):  
Ambrogio Cesa-Bianchi ◽  
M. Hashem Pesaran ◽  
Alessandro Rebucci ◽  
TengTeng Xu

2011 ◽  
Author(s):  
M. Hashem Pesaran ◽  
Alessandro Rebucci ◽  
TengTeng Xu

Author(s):  
Елена Басовская ◽  
Elena Basovskaya ◽  
Леонид Басовский ◽  
Leonid Basovskiy

The work is devoted to forecasting the prospects for the development of a systemic economic crisis of the world economy. Forecasting is carried out on the base of N. Kondratyev econometric models of cycles in the world economy and the economies of the largest countries of the modern world. The results obtained allow us to establish that the beginning of Kondratiev’s upward halfwaves relates to the years 1999–2001. The expected duration of the period of the modern Kondratyev cycle is 50–54 years. The results of the study of the dynamics of the world economy, the results of studies of the economic dynamics of developed countries shows that the start of the upward half-waves of the Kondratieff cycle is expected in 1999–2001 goals. It can be associated with the transition to dominance of the fifth technological order, the emergence of the sixth way of life and the beginning of the death of the fourth technological way. The completion of the downward wave of this Kondratiev cycle and the systemic global economic crisis associated with the transition to the dominance of the sixth technological order should expected in 2049–2055. Since the likelihood of economic crises with business cycles, financial and investment cycles begins to increase with the transition to the downward half-wave of the Kondratyev cycle, from 2024–2027 one can expect a deepening of periodic crisis phenomena in the global economy.


2014 ◽  
Vol 21 (18) ◽  
pp. 1309-1313 ◽  
Author(s):  
Jarko Fidrmuc ◽  
Iikka Korhonen ◽  
Jitka Poměnková

2013 ◽  
pp. 195-211 ◽  
Author(s):  
Ambrogio Cesa-Bianchi ◽  
M. Hashem Pesaran ◽  
Alessandro Rebucci ◽  
TengTeng Xu

2012 ◽  
Vol 59 (2) ◽  
pp. 392-411 ◽  
Author(s):  
J. Fidrmuc ◽  
I. Korhonen ◽  
I. Batorova

2010 ◽  
Vol 69 (271) ◽  
Author(s):  
Pablo Mejía Reyes ◽  
Miguel Ángel Díaz Carreño

In the context of the dominance of the Keynesian paradigm and the use of economic policies to stabilise economic fluctuations, the world economy experienced decades of sustained growth. Nonetheless, the mid-1970s witnessed a severe crisis and a deep recession that called the attention of researchers to revisit the analysis of the nature of business cycles (BC). Ever since, numerous theories have been put forward to investigate their causes, transmission mechanisms and effects. in turn, on the emperical side, different methodologies have been introduced to analyse the main features of business cycles, but soon two of them became the most popular in the literature. The first one is called growth cycles, an approach linked to the real BC theory proposed by Lucas (1977) and to the empirical methodology by Kydland and Prescott (1990).


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