Manuscript_NO_AUTHORS (1).pdf (278.24 kB)
Download file

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

Download (278.24 kB)
journal contribution
posted on 15.03.2019, 10:04 authored by Matthew W. Clance, Rangan Gupta, Mark Wohar
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.

History

School

  • Business and Economics

Department

  • Business

Published in

Applied Economics Letters

Citation

CLANCE, M.W., GUPTA, R. and WOHAR, M.E., 2018. Geopolitical risks and recessions in a panel of advanced economies: evidence from over a century of data. Applied Economics Letters, 26 (16), pp.1317-1321.

Publisher

© Taylor & Francis (Routledge)

Version

AM (Accepted Manuscript)

Publisher statement

This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics Letters on 15 December 2018, available online: http://www.tandfonline.com/10.1080/13504851.2018.1558332.

Publication date

2018-12-15

ISSN

1350-4851

eISSN

1466-4291

Language

en