SPULBAR, Cristi; NITOI, Mihai; STANCIU, Cristian - In: Management and Marketing Journal X (2012) 2, pp. 293-300
In this article we use a Markov Switching model with two lags to identify and to compare the business cycle in Romania, Czech Republic, Hungary and Poland using data on industrial production for the 1991-2011 period. We use a model with two regimes that reflect the economic expansions and...
