On the Typical Spectral Shape of an Economic Variable

Artikel

In a classic article, Granger (Econometrica 34, 1966) asserted that most economic time series measured in level have spectra that exhibit a smooth declining shape with considerable power at very low frequencies. There has been no systematic attempt to examine Granger's assertion with international data. Output level spectra are estimated for 58 countries, divided into developed, high-income developing, and low-income developing groups. The shapes of the estimated spectra are found to be strikingly similar to Granger's typical shape, particularly for the developed countries.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Applied Economics Letters ; ISSN: 1466-4291 ; Volume: 10 ; Year: 2003 ; Issue: 7 ; Pages: 417-423 ; London: Taylor and Francis

Classification and Topics

• Classification: Wirtschaft ; Business Fluctuations; Cycles ; Economic Growth and Aggregate Productivity: General ; Comparative Studies of Countries
• Subject: Spectral Analysis ; Spectral Shape ; Output Level ; OECD ; and Developing Countries

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Levy, Daniel ; Dezhbakhsh, Hashem
• Event: Veröffentlichung
• (who): Taylor and Francis ; ZBW – Leibniz Information Centre for Economics
• (where): London
• (when): 2003

Further information

• DOI: https://www.tandfonline.com/doi/abs/10.1080/1350485032000102187
• Handle: http://hdl.handle.net/10419/206826
• Last update: 10.03.2025, 11:44 AM CET