Shyh-Wei Chen () (Associate Professor, Department of Economics, Tunghai University)
Abstract
This paper measures the accuracy of using regional cycles to identify national business cycle turning points in the U.S. with the Markov Switching Panel (MSP) model. Based on the MSP model, it is determined that regional cycles are highly capable of identifying national business cycle turning points in the U.S., but the duration of recessions of regional cycles are longer than those of national business cycles.
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Article provided by Economics Bulletin in its journal Economics Bulletin.
Volume (Year): 3 (2007) Issue (Month): 46 () Pages: 1-12 Download reference. The following formats are available: HTML,
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Handle: RePEc:ebl:ecbull:v:3:y:2007:i:46:p:1-12
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Find related papers by JEL classification: C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles