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Pregled bibliografske jedinice broj: 762866

Business cycle - growth nexus: a review


Škare, Marinko; Tomić, Daniel
Business cycle - growth nexus: a review // Technological and Economic Development of Economy, 21 (2015), 3; 519-538 doi::10.3846/20294913.2015.1048837 (međunarodna recenzija, članak, znanstveni)


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Naslov
Business cycle - growth nexus: a review

Autori
Škare, Marinko ; Tomić, Daniel

Izvornik
Technological and Economic Development of Economy (2029-4913) 21 (2015), 3; 519-538

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
business cycle; growth; short/long run relationship; cycle synchronization; decoupling

Sažetak
Frequent reversals in business cycles pose the question whether country can achieve macroeconomic stability and/or economic growth by coordinating its economic policies. Thus, what is the role of economic policy within the short/long run in amplifying or dampening shocks? Business cycle – economic growth relationship is rather ambiguous and has, thus, attracted controversy. In this sense the (dis)belief that there indeed exists a relationship between the economic growth and business cycle, and their long-run convergence brings us to three important hypotheses that: (1) the evaluation of cycle-growth bond is inconclusive, (2) empirical testing of cycle synchronization is exaggerated and (3) the hypothesis of coupling/decoupling is ambiguous and can be misleading. Economic growth is a complex process and cannot be attributed to a single factor of observance hence this essay is just a tool of theoretical reasoning with firm grip on empirical circumstances that lead us to consider some issues that dwell the “growth economists” these days. Our study suggests a conclusion that discussions on the cycle-growth nexus are far from over, revealing us some remarkable confrontations within empirical domain.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
HRZZ-IP-2013-11-9481 - Modeliranje ekonomskog rasta - napredno sekvenciranje i algoritam predviđanja (MEGASFORA) (Škare, Marinko, HRZZ - 2013-11) ( POIROT)

Ustanove:
Sveučilište Jurja Dobrile u Puli

Profili:

Avatar Url Marinko Škare (autor)

Avatar Url Daniel Tomić (autor)

Poveznice na cjeloviti tekst rada:

doi

Citiraj ovu publikaciju:

Škare, Marinko; Tomić, Daniel
Business cycle - growth nexus: a review // Technological and Economic Development of Economy, 21 (2015), 3; 519-538 doi::10.3846/20294913.2015.1048837 (međunarodna recenzija, članak, znanstveni)
Škare, M. & Tomić, D. (2015) Business cycle - growth nexus: a review. Technological and Economic Development of Economy, 21 (3), 519-538 doi::10.3846/20294913.2015.1048837.
@article{article, author = {\v{S}kare, Marinko and Tomi\'{c}, Daniel}, year = {2015}, pages = {519-538}, DOI = {doi:10.3846/20294913.2015.1048837}, keywords = {business cycle, growth, short/long run relationship, cycle synchronization, decoupling}, journal = {Technological and Economic Development of Economy}, doi = {doi:10.3846/20294913.2015.1048837}, volume = {21}, number = {3}, issn = {2029-4913}, title = {Business cycle - growth nexus: a review}, keyword = {business cycle, growth, short/long run relationship, cycle synchronization, decoupling} }
@article{article, author = {\v{S}kare, Marinko and Tomi\'{c}, Daniel}, year = {2015}, pages = {519-538}, DOI = {doi:10.3846/20294913.2015.1048837}, keywords = {business cycle, growth, short/long run relationship, cycle synchronization, decoupling}, journal = {Technological and Economic Development of Economy}, doi = {doi:10.3846/20294913.2015.1048837}, volume = {21}, number = {3}, issn = {2029-4913}, title = {Business cycle - growth nexus: a review}, keyword = {business cycle, growth, short/long run relationship, cycle synchronization, decoupling} }

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • Social Science Citation Index (SSCI)
    • SCI-EXP, SSCI i/ili A&HCI


Citati:





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