Some New Results on Industrial Sector Mode-Locking and Business Cycle Formation
Business cycles in different industries have a tendency to synchronize with one another in what appears to be a national business cycle. Using simulation and time series techniques in the time and frequency domain, we offer econometric support for the industrial sector mode-locking hypothesis, extending recent work by Selover, Jensen and Kroll (2003). In addition, we propose an economic motivation of the underlying nonlinear model.
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Volume (Year): 9 (2005)
Issue (Month): 3 (September)
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