Changes in the duration of economic expansions and contractions in the United States
AbstractThis paper employs nonparametric change-point tests to business cycle duration data in the United States. The findings are consistent with recent studies citing longer expansions and shorter contractions since World War II. However, it is found that these shifts occurred much earlier. There is evidence of a single abrupt change-point to longer expansions that occurred in 1929. The shift towards shorter contractions was gradual: the transition began in 1918 and was completed in 1938.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 3 (1996)
Issue (Month): 12 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RAEL20
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.