Are Business Cycle Dynamics the Same across Countries? Testing Linearity around the Globe Academic Article uri icon


  • We investigate business cycle dynamics for 26 countries, estimating a set of nonlinear models for real GDP where appropriate. We find a great deal of heterogeneity in the dynamics of real output growth across countries. At the same time, a common feature is the asymmetric response of real GDP to shocks and the tendency for negative real GDP shocks to be less persistent than positive real GDP shocks.

published proceedings

  • Studies in Nonlinear Dynamics & Econometrics

author list (cited authors)

  • Bradley, M. D., & Jansen, D. W.

citation count

  • 2

complete list of authors

  • Bradley, Michael D||Jansen, Dennis W

publication date

  • January 2000