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Statistical Analysis of Inflationary Processes in Manufacturing Sectors of American Economy, 1959-1996

Author

Listed:
  • Slutskin, Lev

    (Institute of Economics of the Russian Academy of Sciences (IERAS))

Abstract

The dynamics of annual price rates of 459 manufacturing sectors of the American economy from 1959 to 1996 are studied in the paper. There is a small but stable negative correlation between the sector price rates and the growth ones. At the same time there exists a substantial positive correlation between the yearly average level of sector inflation and the corresponding standard deviation

Suggested Citation

  • Slutskin, Lev, 2009. "Statistical Analysis of Inflationary Processes in Manufacturing Sectors of American Economy, 1959-1996," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 13(1), pages 89-104.
    • Handle: RePEc:ris:apltrx:0064
    as

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    References listed on IDEAS

    as
    1. Harberger, Arnold C, 1998. "A Vision of the Growth Process," American Economic Review, American Economic Association, vol. 88(1), pages 1-32, March.
    2. Sandro Sapio & Grid Thoma, 2006. "The Growth of Industrial Sectors: Theoretical Insights and Empirical Evidence from U.S. Manufacturing," LEM Papers Series 2006/09, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    3. Charolina CASTALDI & Giovanni Dosi, 2004. "Income Levels and Income Growth: Some New Cross-Country Evidence and some Interpretative Puzzles," DEGIT Conference Papers c009_038, DEGIT, Dynamics, Economic Growth, and International Trade.
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    More about this item

    Keywords

    heteroscedasticity; inflation; panel data; sector growth;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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