In this paper we test for asymmetric behaviour of business cycles for the G7 countries, using the entropy-based test for asymmetry suggested by Racine and Maasoumi [Racine, J.S., & Maasoumi, E. (in press-a). A versatile and robust metric entropy test of time-reversibility, and other hypotheses,...

In this paper we analyze per capita incomes of the G7 countries using the common cycles test developed by Vahid and Engle (Journal of Applied Econometrics, 8:341-360, 1993) and extended by Hecq et al. (Oxford Bulletin of Economics and Statistics, 62:511-532, 2000; Econometric Reviews, 21:273-307,...

This paper aims to investigate the integrational properties of real GDP for 125 countries. Design/methodology/approach: The paper applies the Kwiatkowski et al. univariate test and a KPSS-type univariate test that accounts for multiple structural breaks - a test procedure proposed by...