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A Spectral Analysis of Business Cycle Patterns in UK Sectoral Output

  • Peijie Wang
  • Trefor Jones

This paper studies business cycle patterns in UK sectoral output. It analyzes the distinction between white noise processes and their non-white noise counterparts in the frequency domain and further examines the associated features and patterns for the process where white noise conditions are violated. The characteristics of these sectors, arising from their institutional features that may influence business cycles behavior and patterns, are discussed. The study then investigates the output of UK GDP sectors empirically, revealing their similarities and differences in their business cycle patterns.

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File URL: http://arxiv.org/pdf/1001.4762
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Paper provided by arXiv.org in its series Papers with number 1001.4762.

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Date of creation: Jan 2010
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Handle: RePEc:arx:papers:1001.4762
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  19. Russell Davidson & James G. Mackinnon, 1982. "Some Non-Nested Hypothesis Tests and the Relations Among Them," Review of Economic Studies, Oxford University Press, vol. 49(4), pages 551-565.
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