Business Cycles in BRICS
Business Cycles in BRICS
Editors: Sergey Smirnov, Ataman Ozyildirim, and Paulo Picchetti
Publisher: Springer Cham
Publication Year: 2019
About the book
Business Cycles in BRICS provides an in-depth analysis of the dynamics, measurement, and monitoring of business cycles in Brazil, Russia, India, China, and South Africa. The book examines both historical and contemporary economic fluctuations, exploring the interconnectedness of BRICS economies and the driving forces behind their cycles. It presents national business tendency surveys and composite cyclical indicators for real-time monitoring and forecasting, providing practical tools for policymakers, analysts, and researchers. In addition, the volume highlights the socio-political consequences of economic cycles, offering lessons that can be applied to other emerging economies. Divided into five parts, the book combines theoretical frameworks, empirical case studies, and applied forecasting methods, making it a comprehensive reference on understanding business cycles in major emerging markets.
Contents
Introduction — Sergey Smirnov, Ataman Ozyildirim, Paulo Picchetti
BRICS in the Global Economy — Sergey V. Smirnov, Daria A. Avdeeva
Institutions, Productivity Change, and Growth — Andrei Akhremenko, Alexander Petrov, Egor Yureskul
The Connectedness of Business Cycles Between the BRICS — Paulo Picchetti
Economic Cycles in Brazil — Leonardo Weller
Economic Fluctuations and Their Drivers in Russia — Sergey V. Smirnov
Business Cycle Measurement in India — Radhika Pandey, Ila Patnaik, Ajay Shah
Economic Cycles and Crises in New China — Tiejun Wen, Kin Chi Lau, Erebus Wong, Tsui Sit
China’s Economic Cycles: Characteristics and Determinant Factors — Junli Zhao, Degang Jia, Wei Chang
A Brief History of Business Cycle Measurement in South Africa — J. C. Venter
Business Tendency Surveys (BTSs) in BRICS
Composite Cyclical Indicators for Real-Time Monitoring and Forecasting the BRICS Economies
Concluding Remarks: Measurement, Monitoring, and Forecasting Economic Cycles — Sergey V. Smirnov, Ataman Ozyildirim, George Kershoff
