IDEAS home Printed from https://ideas.repec.org/a/tpr/restat/v73y1991i2p254-60.html
   My bibliography  Save this article

Business Cycle Duration Dependence: A Parametric Approach

Author

Listed:
  • Sichel, Daniel E

Abstract

This paper reexamines duration dependence in U.S. business cycles using parametric hazard models. Positive duration dependence would indicate that expansions or contractions are more likely to end as they become "older." This paper provides statistically significant evidence of positive duration dependence for expansions before World War II and contractions after World War II. The evidence is stronger than in earlier research utilizing nonparametric techniques, because certain nonparametric techniques have low statistical power against the type of duration dependence found in this paper. Evidence is also presented suggesting that expansions became longer, on average, after World War II, while contractions became shorter. Copyright 1991 by MIT Press.

Suggested Citation

  • Sichel, Daniel E, 1991. "Business Cycle Duration Dependence: A Parametric Approach," The Review of Economics and Statistics, MIT Press, vol. 73(2), pages 254-260, May.
    • Handle: RePEc:tpr:restat:v:73:y:1991:i:2:p:254-60
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0034-6535%28199105%2973%3A2%3C254%3ABCDDAP%3E2.0.CO%3B2-O&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

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

    Other versions of this item:

    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:tpr:restat:v:73:y:1991:i:2:p:254-60. 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: Kelly McDougall (email available below). General contact details of provider: https://direct.mit.edu/journals .

    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.