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Asymmetric Business Cycle : Theory And Application

Author

Listed:
  • Nebiye Yamak
  • Banu Tanriover

    (Karadeniz Teknik University
    Karadeniz Teknik University)

Abstract

The purpose of this study is to explain the concept and the kind of asymmetric business cycle and to examine the kind of the asymmetry for Turkish economy at the period of 1960-2006. For this purpose, firstly the cycle component of real GNP has been obtained by using Hodrick-Presscot Filter and then deepness and steepness statistics based on skewness test have been used to test how the cycle component follows asymmetric movement. The significances of these statistics have been investigated by using Newey-West (1987) method.

Suggested Citation

  • Nebiye Yamak & Banu Tanriover, 2012. "Asymmetric Business Cycle : Theory And Application," Anadolu University Journal of Social Sciences, Anadolu University, vol. 12(2), pages 17-24, June.
    • Handle: RePEc:and:journl:v:12:y:2012:i:2:p:17-24
    as

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    File URL: http://www.anadolu.edu.tr/arastirma/hakemli_dergiler/sosyal_bilimler/pdf/2012_2/2012-02-02.pdf
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    More about this item

    Keywords

    Business Cycle Asymmetry; Steepness and Deepness Asymmetry; Hodrick-Presscot Filter; Newey-West Standard Error.;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

    Statistics

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