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- Philip Bodman & Mark Crosby (2005): Are business cycles independent in the G7?
In this paper we examine the relationships between business cycles in the G7 countries. We focus on whether recessionary periods in one country are independent of the timing of recessions in other countries in the G7, using three different methods for dating recessions. We find that the evidence is mixed on whether phases of the business cycle in North America and in European countries are independent, or whether there is a common phase structure in the business cycle across all the G7 economies. ... We also find mixed evidence on whether the UK is synchronised with European countries, while Japan quite clearly has the cycle that is most independent of other G7 countries.
RePEc:taf:intecj:v:19:y:2005:i:4:p:483-499 Save to MyIDEAS - Golam Mostafa & Monowar Mahmood (2015): The rise of the BRICS and their challenge to the G7
Purpose - – This paper attempts to assess the economic growth prospects of the BRICS countries and their potential ability to challenge and overtake the G7 countries. Specifically, the purpose of this paper is to answer the following question: Do the BRICS represent a tangible economic threat to surpass the G7, and if so, how? ... Findings - – Based on the data analysis, the authors conclude that the BRICS have the potential to overtake the G7 in the long run.
RePEc:eme:ijoemp:ijoem-07-2012-0063 Save to MyIDEAS - Agnès Bénassy-Quéré & Rajiv Kumar & Jean Pisani-Ferry (2009): The G20 is not Just a G7 with Extra Chairs
In the wake of the global crisis the G20 has largely substituted the G7 as the key forum for international economic cooperation. However, G7 and non-G7 members of the G20 come to G20 meetings with different priorities. ... So far, the G20 agenda has been dominated by the management of the global turmoil, the provision of financial resources to countries in crisis, and the rebuilding of financial regulation –a rather G7-like agenda.
RePEc:cii:cepill:2009-292 Save to MyIDEAS - Bahmani-Oskooee, Mohsen & Maki Nayeri, Majid (2020): Policy uncertainty and consumption in G7 countries: An asymmetry analysis
In this study, we aim at assessing the effects of policy uncertainty on consumption in G7 countries. Unlike previous research, we take an additional step and show that the impacts are asymmetric, which helps us to have a better understanding of the effects of increased versus decreased uncertainty in the G7 economies. Our results suggest that policy uncertainty has indeed asymmetric effects on consumer expenditure in all G7 countries.
RePEc:eee:inteco:v:163:y:2020:i:c:p:101-113 Save to MyIDEAS - Mohsen Bahmani-Oskooee & Majid Maki Nayeri (2020): Policy uncertainty and consumption in G7 countries: An asymmetry analysis
In this study, we aim at assessing the effects of policy uncertainty on consumption in G7 countries. Unlike previous research, we take an additional step and show that the impacts are asymmetric, which helps us to have a better understanding of the effects of increased versus decreased uncertainty in the G7 economies. Our results suggest that policy uncertainty has indeed asymmetric effects on consumer expenditure in all G7 countries.
RePEc:cii:cepiie:2020-q3-163-7 Save to MyIDEAS - Fischer, Roger A. (2020): How the G7 reviews its work on development: A case study of internal accountability
As a result, the G7 is less effective than it could be in implementing its commitments under changing circumstances. In addition, G7 commitments and methodology do not always make it easy for outside stakeholders to check the G7's words against its behaviour, even though this is important for external accountability. Consequently, this makes it harder to have a rational debate about the legitimacy of the G7. This paper suggests ways to improve the accountability practice of the G7 so that it systematically produces learning effects and thereby better supports G7 legitimacy. ... Better designed commitments and improved follow-up would also support G7 legitimacy because this would make it easier for external stakeholders to verify G7 actions against its words.
RePEc:zbw:diedps:192020 Save to MyIDEAS - Kai Carstensen & Leonard Salzmann (2016): The G7 Business Cycle in a Globalized World
Using a factor structural VAR for 14 countries out of the G20 group, we document that output innovations originating outside the G7 account for shares of 10 to almost 25 percent in the business cycle fluctuations of G7 GDP growth. Using auxiliary regressions, we additionally find that these innovations contribute noticeably, relative to G7 output innovations, to short-term fluctuations in important other national G7 variables such as employment, the current account balance, inflation, and inflation volatility, and in global macroeconomic indicators like the oil price, world stock market returns, and exchange rate volatility. The results indicate that in a globalized world spillovers from emerging markets and industrial countries other than the G7 play a relevant role for major aspects of the G7 and world business cycle.
RePEc:ces:ceswps:_5980 Save to MyIDEAS - Carstensen, K. & Salzmann, L. (2017): The G7 business cycle in a globalized world
Using a factor structural VAR for 14 countries out of the G20 group, we document that output innovations originating outside the G7 account for shares of 10 to almost 25 percent in the business cycle fluctuations of G7 GDP growth. Using auxiliary regressions, we additionally find that these innovations contribute noticeably, relative to G7 output innovations, to short-term fluctuations in important other national G7 variables such as employment, the current account balance, inflation, and inflation volatility, and in global macroeconomic indicators like the oil price, world stock market returns and exchange rate volatility. The results indicate that in a globalized world spillovers from emerging markets and industrial countries other than the G7 play a relevant role for major aspects of the G7 and world business cycle.
RePEc:eee:jimfin:v:73:y:2017:i:pa:p:134-161 Save to MyIDEAS - Rafia Shafi & Samreen Fatima (2019): Relationship between GDP, Life Expectancy and Growth Rate of G7 Countries
This study aims to explore the impact of life expectancy on economic growth in G7 countries via regression approach. Keeping in view the unique population structure of each of these G7 countries, the trend of life expectancy for each country is also observed. Findings of the study indicate that life expectancy in G7 countries increases with constant rate.
RePEc:adm:journl:v:8:y:2019:i:6:p:74-79 Save to MyIDEAS - Venus Khim-Sen Liew & Zhuo Qiao & Wing-keung Wong (2010): Linearity and stationarity of G7 government bond returns
This study investigates the linearity and stationarity properties of government bond returns for the G7 economies. Our results from Luukkonen et al. (1988) linearity test reveal the nonlinear nature of all of the G7 bond returns. ... In sum, it can be concluded that G7 government bond returns are stationary but possess a nonlinear feature.
RePEc:ebl:ecbull:eb-10-00110 Save to MyIDEAS