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10.1080-13504851.2018.1558332 |
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|a 13504851 (ISSN)
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|a Geopolitical risks and recessions in a panel of advanced economies: evidence from over a century of data
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|b Routledge
|c 2019
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|z View Fulltext in Publisher
|u https://doi.org/10.1080/13504851.2018.1558332
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|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.
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|a advanced economies
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|a financial crisis
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|a Geopolitical risks
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|a geopolitics
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|a logit analysis
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|a logit model
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|a panel data
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|a panel data
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|a political economy
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|a probability
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|a recessions
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|a risk factor
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|a Clance, M.W.
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|a Gupta, R.
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|a Wohar, M.E.
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|t Applied Economics Letters
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