Ormerod, Paul - In: Physica A: Statistical Mechanics and its Applications 341 (2004) C, pp. 556-568
We consider in this paper the distribution of the cumulative size of recessions in 17 capitalist countries over the period 1871–1994, using data on annual percentage changes in real GDP. A recession is defined as a year in which GDP growth is negative, and the cumulative change is the change...