Geopolitical risks and recessions in a panel of advanced economies: evidence from over a century of data

This paper uses a panel of 17 advanced countries over the annual period of 1899–2013, to analyze for the first time, the role played by geopolitical risks in predicting recessions. After controlling for other standard predictors based on a logit model, we find that while aggregate geopolitical risks...

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Bibliographic Details
Main Authors: Clance, M.W (Author), Gupta, R. (Author), Wohar, M.E (Author)
Format: Article
Language:English
Published: Routledge 2019
Subjects:
Online Access:View Fulltext in Publisher
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008 220511s2019 CNT 000 0 und d
020 |a 13504851 (ISSN) 
245 1 0 |a Geopolitical risks and recessions in a panel of advanced economies: evidence from over a century of data 
260 0 |b Routledge  |c 2019 
856 |z View Fulltext in Publisher  |u https://doi.org/10.1080/13504851.2018.1558332 
520 3 |a This paper uses a panel of 17 advanced countries over the annual period of 1899–2013, to analyze for the first time, the role played by geopolitical risks in predicting recessions. After controlling for other standard predictors based on a logit model, we find that while aggregate geopolitical risks do not have any predictive ability, geopolitical acts enhance the probability of future recessions, with geopolitical threats reducing the same. © 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group. 
650 0 4 |a advanced economies 
650 0 4 |a financial crisis 
650 0 4 |a Geopolitical risks 
650 0 4 |a geopolitics 
650 0 4 |a logit analysis 
650 0 4 |a logit model 
650 0 4 |a panel data 
650 0 4 |a panel data 
650 0 4 |a political economy 
650 0 4 |a probability 
650 0 4 |a recessions 
650 0 4 |a risk factor 
700 1 |a Clance, M.W.  |e author 
700 1 |a Gupta, R.  |e author 
700 1 |a Wohar, M.E.  |e author 
773 |t Applied Economics Letters