IDEAS home Printed from https://ideas.repec.org/a/bla/manch2/v59y1991i1p1-11.html
   My bibliography  Save this article

Are Fluctuations in U.K. Ouput Transitory or Permanent?

Author

Listed:
  • Mills, Terence C

Abstract

This paper considers whether fluctuations in U.K. output have been transitory or permanent. Annual data from 1855 and quarterly data from 1955 are employed and a variety of methods designed estimate the extent of persistence in time series are used. The results present something of a paradox. It is found shocks to output are highly persistent when recent quarterly data but when the long-run of annual data is split into sub-periods, with the years 1919-21 omitted, much less evidence of persistent is encountered. These findings are consistent with other recent evidence concerning the behavior of U.K. output and suggest that the structural shocks occurring to the economy at the end of the First World War altered the process generating output itself. Copyright 1991 by Blackwell Publishers Ltd and The Victoria University of Manchester

Suggested Citation

  • Mills, Terence C, 1991. "Are Fluctuations in U.K. Ouput Transitory or Permanent?," The Manchester School of Economic & Social Studies, University of Manchester, vol. 59(1), pages 1-11, March.
    • Handle: RePEc:bla:manch2:v:59:y:1991:i:1:p:1-11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Noriega Antonio E. & Rodríguez-Pérez Cid Alonso, 2011. "Stationarity, structural breaks, and economic growth in Mexico: 1895-2008," Working Papers 2011-11, Banco de México.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:manch2:v:59:y:1991:i:1:p:1-11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/semanuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.