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This paper has two main objectives. Firstly, to establish and characterise a reference cycle (based on real output) for Barbados over the quarterly period 1974-2003 using the Bry and Boschan algorithm. Secondly, to link this aggregate output cycle to the cycles of the individual sectors that...
Persistent link: https://www.econbiz.de/10009294939
– Inflation) x GDP = K_Index_Infl. Productivity Index: K_Index / Labor Force = K_PROD Inflation indexed Productivity Index: K …
Persistent link: https://www.econbiz.de/10011259539
This paper examines the prospects for Australia meeting the Governments target to bring unemployment down to 5 per cent by the year 2000. Particular attention is paid to the effect of the business cycle on unemployment.
Persistent link: https://www.econbiz.de/10005620145
This paper sheds new light on the causes of the unemployment upsurge in Japan during the “fading 1990s”, an … decline in productivity growth, we find the active and expansionary measures undertaken by the government had an overall …
Persistent link: https://www.econbiz.de/10005029706
and productivity effects occupying much of the literature around the subject. In particular for Japan, the studies … conducted so far focus on the disaggregate level and put the stress on the productivity side alone. Here I carry out both the … analyses of the employment and productivity effects at the aggregate level of the industry, covering the years 1980 …
Persistent link: https://www.econbiz.de/10005087505
This paper analyzes the impact of international oil prices on Thailand’s industrial production using Johansen cointegration test. The results show that U.S. dollar real exchange rate does not affect the economy’s industrial production index, while oil prices, and real money supply...
Persistent link: https://www.econbiz.de/10011259370
The purpose of this paper is to explain both the need and the procedures of unit-root testing to a wider audience. The topic of stationarity testing in general and unit root testing in particular is one that covers a vast amount of research. We have been discussing the problem in four different...
Persistent link: https://www.econbiz.de/10008871190
This paper investigates the interactions among the Romanian industrial production, exports and imports after the adhesion to European Union. We employ monthly values testing for the Granger Causality between the variables in a Vector Autoregression framework. Our results indicate significant...
Persistent link: https://www.econbiz.de/10011191503
Previous empirical work has shown that real natural gas prices have a small to negligible impact on total U.S. industrial production and most of its sub-indices. We first show that these results still hold with a sample that runs through mid-2012 and uses a different natural gas price. Concerns...
Persistent link: https://www.econbiz.de/10011107827
Since the mid-2000s, Japan's industrial production (IP) has been characterized by increasing volatility. To examine the … variations in Japan's IP into aggregate and sectoral shocks taking input-output relationships between sectors into account. We … find that aggregate shocks explain most of the fluctuations in Japan's IP and are highly correlated with variations in …
Persistent link: https://www.econbiz.de/10011108481