| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7968 |
| DP7968 Business Cycles around the Globe: A Regime-switching Approach | |
| Sumru G. Altug; Melike Bildirici | |
| 发表日期 | 2010-08-08 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | This paper characterizes business cycle phenomena in a sample of 27 developed and developing economies using a univariate Markov regime switching approach. It examines the efficacy of this approach for detecting business cycle turning points and for identifying distinct economic regimes for each country in question. The paper also provides a comparison of the business cycle turning points implied by this study and those derived in other studies. Our findings document the importance of heterogeneity of individual countries? experiences. We also argue that consideration of a large and diverse group of countries provides an alternative perspective on the co-movement of aggregate economic activity worldwide. |
| 主题 | International Macroeconomics |
| 关键词 | Markov switching approach Business cycles Turning point analysis Nonparametric modeling |
| URL | https://cepr.org/publications/dp7968 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536805 |
| 推荐引用方式 GB/T 7714 | Sumru G. Altug,Melike Bildirici. DP7968 Business Cycles around the Globe: A Regime-switching Approach. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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