| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4682 |
| DP4682 The Political Economy of Urban Transport System Choice | |
| Jan K. Brueckner; Harris Selod | |
| 发表日期 | 2004-10-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper examines the changing relationships between the G7 countries through VAR models for the quarterly growth rates, estimated both over sub-periods and using a rolling data window. Six trivariate models are estimated, all of which include the US and a European (E15) aggregate. In relative terms, the conditional volatility of E15 growth has declined more since 1980 than the well-documented decline for the US. The propagation of shocks has also changed, with the volatility and propagation effects separated by applying shocks of pre-1980 magnitude to VARs estimated over various periods. Rolling estimation reveals that E15 has a steadily increasing impact on the US economy over time, while the effects of the US on Europe have been largest during the 1970s and the late 1990s. |
| 主题 | International Macroeconomics |
| 关键词 | International business cycles European integration Time variation Volatility |
| URL | https://cepr.org/publications/dp4682 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533603 |
| 推荐引用方式 GB/T 7714 | Jan K. Brueckner,Harris Selod. DP4682 The Political Economy of Urban Transport System Choice. 2004. |
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