IDEAS home Printed from https://ideas.repec.org/a/bpj/sndecm/v2y1997i1n2.html
   My bibliography  Save this article

Investigating Cyclical Asymmetries

Author

Listed:
  • Randal Verbrugge Randal Verbrugge

    (Department of Economics Virginia Polytechnic Institute; State University Blacksburg, Virginia)

Abstract

This paper accomplishes two goals. First, it introduces a powerful nonparametric test of asymmetry to the economics literature, namely, the triples test of Randles et al. (1980). Second, it documents the presence of two specific kinds of asymmetry in U.S. macroeconomic time series. Depth, or asymmetry in the distribution of a (detrended) series, is a feature of numerous economic time series; and steepness, or asymmetry in the distribution of first differences, is a feature of hours, employment, and the unemployment rate, but is absent from real GDP and aggregate industrial production. The pattern of asymmetries found provides guidelines for restricting the set of alternative nonlinear models from which to select in modeling these time series.

Suggested Citation

  • Randal Verbrugge Randal Verbrugge, 1997. "Investigating Cyclical Asymmetries," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 2(1), pages 1-10, April.
    • Handle: RePEc:bpj:sndecm:v:2:y:1997:i:1:n:2
    DOI: 10.2202/1558-3708.1025
    as

    Download full text from publisher

    File URL: https://doi.org/10.2202/1558-3708.1025
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.2202/1558-3708.1025?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:sndecm:v:2:y:1997:i:1:n:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.