International evidence on business cycle magnitude dependence

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Show simple item record Di Guilmi, Corrado en_US Gaffeo, Edoardo en_US Gallegati, Mauro en_US Palestrini, Antonio en_US
dc.contributor.editor en_US 2010-05-28T09:53:07Z 2010-05-28T09:53:07Z 2005 en_US
dc.identifier 2008004080 en_US
dc.identifier.citation Di Guilmi Corrado et al. 2005, 'International evidence on business cycle magnitude dependence', Euro-American Association of Economic Development Studies, vol. 2, no. 1, pp. 5-16. en_US
dc.identifier.issn 1698-4153 en_US
dc.identifier.other C1UNSUBMIT en_US
dc.description.abstract Are expansions and recessions more likely to end as their magnitude increases? In this paper we apply parametric hazard models to investigate this issue in a sample of 16 countries from 1881 to 2000. For the total sample we find evidence of positive magnitude dependence for recessions, while for expansions we are not able to reject the null of magnitude independence. This last result is likely due to a structural change in the mechanism guiding expansions before and after the second World War. In particular, upturns show negative magnitude dependence in the post-World War II sub-sample, meaning that in this period expansions become less likely to end as their magnitude increases. en_US
dc.language en_US
dc.publisher Euro-American Association of Economic Development Studies en_US
dc.title International evidence on business cycle magnitude dependence en_US
dc.parent International Journal of Applied Econometrics and Quantitative Studies en_US
dc.journal.volume 2 en_US
dc.journal.number 1 en_US
dc.publocation Spain en_US
dc.identifier.startpage 5 en_US
dc.identifier.endpage 16 en_US University of Technology, Sydney en_US
dc.conference Verified OK en_US
dc.for 140300 en_US
dc.personcode 105951 en_US
dc.personcode 0000049708 en_US
dc.personcode 0000018259 en_US
dc.personcode 0000018261 en_US
dc.percentage 100 en_US Econometrics en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US en_US
dc.location.activity en_US
dc.description.keywords Business Cycles, Magnitude Dependence, Stabilization Policy. en_US

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