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An Adelman-Test for Growth Cycles in West Germany

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  • Lucke, Bernd

Abstract

This paper contains a brief description of the methodological approach to economic fluctuations developed by Arthur F. Burns and Wesley C. Mitchell at the National Bureau of Economic Research. Applying this methodology to growth cycles of the West German economy gives rise to a large number of stylized facts which serve as the basis of Adelman tests. Growth cycle implications of two prototypical Real-Business-Cycle models are derived by simulations. Unlike most of the literature, a comparison between model and data statistics produces overwhelming evidence against the Real Business Cycle models.

Suggested Citation

  • Lucke, Bernd, 1997. "An Adelman-Test for Growth Cycles in West Germany," Empirical Economics, Springer, vol. 22(1), pages 15-40.
  • Handle: RePEc:spr:empeco:v:22:y:1997:i:1:p:15-40
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    Cited by:

    1. Calahorrano, Lena & an de Meulen, Philipp, 2011. "Demographics and Factor Flows – A Political Economy Approach," Ruhr Economic Papers 299, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    2. Martyna Marczak & Thomas Beissinger, 2013. "Real wages and the business cycle in Germany," Empirical Economics, Springer, vol. 44(2), pages 469-490, April.
    3. repec:zbw:rwirep:0299 is not listed on IDEAS
    4. Marczak, Martyna & Gómez, Víctor, 2015. "Cyclicality of real wages in the USA and Germany: New insights from wavelet analysis," Economic Modelling, Elsevier, vol. 47(C), pages 40-52.
    5. Lena Calahorrano & Philipp an de Meulen, 2011. "Demographics and Factor Flows – A Political Economy Approach," Ruhr Economic Papers 0299, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.

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