Are Canadian Regional Business Cycles All Alike?
AbstractUsing three different econometric methodologies, this paper identifies business cycles fluctuations in Canadian regions using quarterly real GDP for the period 1961:1 - 2000:1. With the estimates of the transitory and permanent components, as well as filtered and smoothed probabilities of being in times of recession, a chronology for the regional business cycles fluctuations is presented. For the purpose of comparison, results for Canada and the US are also included. Lastly, evidence about correlations between different business cycles is also presented.
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Bibliographic InfoPaper provided by University of Ottawa, Department of Economics in its series Working Papers with number 0310E.
Length: 25 pages
Date of creation: 2003
Date of revision:
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More information through EDIRC
Regional Business Fluctuations; Markov Switching; Unobserved Components.;
Find related papers by JEL classification:
- C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
- C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
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