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Sectorial fluctuations and economic growth impact

Valdivia, Daney - Volkswirtschaftliche Fakultät, … - 2012

impact (manufacturing, agriculture and services) on economic growth through 1970 – 2011 and three cohorts. In these sense, it … hypothesis that the manufacturing sector boosts economic growth more than the others. This sector shows high persistence during … technification that supports its low contribution to economic growth previous to 2001 – 2011. …

Persistent link: https://www.econbiz.de/10011258766

Long-run trend, Business Cycle & Short-run shocks in real GDP

Arby, Muhammad Farooq - Volkswirtschaftliche Fakultät, … - 2001

decomposition of real GDP of Pakistan reveals that the Pakistan’s economy has a declining growth in long-run trend since early 1980s …

Persistent link: https://www.econbiz.de/10005787051

Adapting the Hodrick-Prescott Filter for Very Small Open Economies

Grech, Aaron George - Volkswirtschaftliche Fakultät, … - 2013

The Hodrick-Prescott (HP) filter is a commonly used method, particularly in potential output studies. However its suitability depends on a number of conditions. Very small open economies do not satisfy these as their macroeconomic series exhibit pronounced trends, large fluctuations and...

Persistent link: https://www.econbiz.de/10011107502

Home Production and Small Open Economy Business Cycles

Chen, Kuan-Jen; Chu, Angus C.; Lai, Ching-Chong - Volkswirtschaftliche Fakultät, … - 2014

This paper incorporates home production into a real business cycle (RBC) model of a small open economy to provide a parsimonious explanation of the empirical pattern of international business cycles in developed economies and emerging markets. It is well known in the literature that in order for...

Persistent link: https://www.econbiz.de/10011108071

Trend shocks and the countercyclical U.S. current account

Amdur, David; Ersal Kiziler, Eylem - Volkswirtschaftliche Fakultät, … - 2012

From 1960-2009, the U.S. current account balance has tended to decline during expansions and improve in recessions. We argue that trend shocks to productivity can help explain the countercyclical U.S. current account. Our framework is a two-country, two-good real business cycle (RBC) model in...

Persistent link: https://www.econbiz.de/10011108185

The Effect of the Business Cycle on Freshman Major Choice

Bradley, Elizabeth S. - Volkswirtschaftliche Fakultät, … - 2012

During economic downturns, college students can alter their postsecondary education decisions through several channels. This paper focuses on college major choice, one higher education decision that might change after a recession, and one that few researchers have explored. Due to data...

Persistent link: https://www.econbiz.de/10011108229

A Search for Business Cycles with Spectral Analysis

Dale, Charles - Volkswirtschaftliche Fakultät, … - 1984

There has been considerable debate in recent years about whether well-defined business cycles even exist. At one extreme are those who assert that so-called business cycles are caused by exogenous shocks. At the other extreme are those who believe that business cycles may be endogenous, i.e.,...

Persistent link: https://www.econbiz.de/10011108360

Time Preference Shocks

Harashima, Taiji - Volkswirtschaftliche Fakultät, … - 2014

The rate of time preference (RTP) has traditionally not been regarded as an important source of economic fluctuations. In this paper, I show that it is an important factor influencing economic fluctuations because households must have an expected RTP for the representative household (RTP RH) to...

Persistent link: https://www.econbiz.de/10011109079

Industrial production and Confidence after the crisis: what's going on?

Malgarini, Marco - Volkswirtschaftliche Fakultät, … - 2012

output growth has declined throughout the euro area. Results may be rather important for business cycle analysts and policy …

Persistent link: https://www.econbiz.de/10011109236

Monetary policy, informality and business cycle fluctuations in a developing economy vulnerable to external shocks

Haider, Adnan; Din, Musleh-ud; Ghani, Ejaz - Volkswirtschaftliche Fakultät, … - 2012

This paper develops an open economy dynamic stochastic general equilibrium (DSGE) model based on New-Keynesian micro-foundations. Alongside standard features of emerging economies, such as a combination of producer and local currency pricing for exporters, foreign capital inflow in terms of...

Persistent link: https://www.econbiz.de/10011109585