Oscillatory Dynamics of Industrial Production
AbstractGDP and its components’ evolution show an oscillatory behavior. As an alternative approach to classical cyclical behavior producing models the paper analyses this behavior both by Fourier transforms of the data series and by a discussion of the roots configuration of the associated second order differential equations describing the process. Specific cycles that associate with the economic sectors contributing to the generation of GDP are identified. This oscillatory system-based approach is providing a complementary way to describe economic behavior dynamics.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): (2012)
Issue (Month): 4 (December)
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More information through EDIRC
nonlinear models; oscillatory behavior; GDP cycles;
Find related papers by JEL classification:
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Purica, Ionut & Caraiani, Petre, 2009. "Second Order Dynamics Of Economic Cycles," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 6(1), pages 36-47, March.
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