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Some New Results on Industrial Sector Mode-Locking and Business Cycle Formation

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Author Info

  • Süssmuth Bernd

    ()
    (Department of Business and Economics, Munich University of Technology, Germany)

  • Woitek Ulrich

    ()
    (Institute for Empirical Research in Economics, University of Zurich, Switzerland)

Abstract

Business cycles in different industries have a tendency to synchronize with one another in what appears to be a national business cycle. Using simulation and time series techniques in the time and frequency domain, we offer econometric support for the industrial sector mode-locking hypothesis, extending recent work by Selover, Jensen and Kroll (2003). In addition, we propose an economic motivation of the underlying nonlinear model.

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File URL: http://www.degruyter.com/view/j/snde.2005.9.3/snde.2005.9.3.1185/snde.2005.9.3.1185.xml?format=INT
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Bibliographic Info

Article provided by De Gruyter in its journal Studies in Nonlinear Dynamics & Econometrics.

Volume (Year): 9 (2005)
Issue (Month): 3 (September)
Pages: 1-35

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Handle: RePEc:bpj:sndecm:v:9:y:2005:i:3:n:1

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Web page: http://www.degruyter.com

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Cited by:
  1. Mastromarco, Camilla & Woitek, Ulrich, 2007. "Regional business cycles in Italy," Computational Statistics & Data Analysis, Elsevier, vol. 52(2), pages 907-918, October.

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