Business cycles around the globe: a regime switching approach

Arbeitspapier

This paper characterizes business cycle phenomena in a sample of 22 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 and by other methods. 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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 1009

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Business Fluctuations; Cycles ; Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications ; Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
• Thema: Markov switching approach ; business cycles ; turning point analysis ; nonparametric modelling ; Konjunktur ; Konjunktureller Wendepunkt ; Nichtparametrisches Verfahren ; Welt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Altuğ, Sumru ; Bildirici, Melike
• Ereignis: Veröffentlichung
• (wer): TÜSİAD-Koç University Economic Research Forum
• (wo): Istanbul
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/45446
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ