The classical assumption that an economic downturn is 'V-shaped' in the US and more 'Ushaped' in the Netherlands is refuted in this paper by analyzing the downturn that followed the dot-com-bubble. The duration is longer in the Netherlands, while the depth is certainly not smaller. Another interesting observation is that the start of the downturn occurred at a later point in time than in the US. The analysis of several macroeconomic variables and the differences in the sectoral dynamics show that the dynamics of the downturn can be explained by the importance of the exogenous shock of exports on the Business Cycle. The conclusion regarding this specific analyzed downturn is that the downturn in the Dutch economy is not that much directly related to the burst of the bubble. In stead, the economy seemed to be affected by the consequences of the burst for international trade and so Dutch exports. The US seemed to be the epicentre of the burst which had a significant influence on the World Business Cycle through the US role in international trade. These observations are again seen in the latest internationally spread downturn.
Product Identifiers
Publisher
Lap Lambert Academic Publishing
ISBN-13
9783838316758
eBay Product ID (ePID)
106405563
Product Key Features
Author
Jim Been
Publication Name
Economic Impacts of the Burst of the Dot-Com-Bubble
Format
Paperback
Language
English
Subject
Government
Publication Year
2009
Type
Textbook
Number of Pages
100 Pages
Dimensions
Item Height
229mm
Item Width
152mm
Item Weight
159g
Additional Product Features
Title_Author
Jim Been
Country/Region of Manufacture
Germany
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