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Long memory in US real output per capita
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2009
integration ; long memory ; convergence …
Persistent link: https://www.econbiz.de/10003850276
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Long memory in US real output per capita
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2009
integration ; long memory ; convergence …
Persistent link: https://www.econbiz.de/10003844251
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Long Memory in US Real Output Per Capita
Caporale, Guglielmo Maria - 2009
This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 - 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...
Persistent link: https://www.econbiz.de/10013156711
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Long Memory in US Real Output per Capita
Caporale, Guglielmo Maria - 2009
This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1-2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...
Persistent link: https://www.econbiz.de/10013158457
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Trends and cycles in macro series : the case of US real GDP
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2017
In this paper we propose a new modelling framework for the analysis of macro series that includes both stochastic trends and stochastic cycles in addition to deterministic terms such as linear and non-linear trends. We examine four US macro series, namely annual and quarterly real GDP and GDP...
Persistent link: https://www.econbiz.de/10011750067
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Trends and cycles in macro series : the case of US real GDP
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2017
In this paper we propose a new modelling framework for the analysis of macro series that includes both stochastic trends and stochastic cycles in addition to deterministic terms such as linear and non-linear trends. We examine four US macro series, namely annual and quarterly real GDP and GDP...
Persistent link: https://www.econbiz.de/10011746636
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A wavelet investigation of periodic long swings in the economy : the original data of Kondratieff and some important series of GDP per capita
Focacci, Antonio - In: Economies : open access journal 11 (2023) 9, pp. 1-21
The existence of fluctuations is part of the narrative, especially when there is a slowdown (or worse, a contraction) in economic activity. The presence of long waves with a period of about 50 years as proposed by Kondratieff is one of the most controversial and fascinating theories about...
Persistent link: https://www.econbiz.de/10014432013
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Do large recessions reduce output permanently? : conference paper
Hosseinkouchack, Mehdi; Wolters, Maik H. - 2013
The slow recovery following the 2008/2009 recession has led to renewed interest in the question whether deep recessions lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile autoregression unit root test we check whether shocks to real GDP...
Persistent link: https://www.econbiz.de/10010340611
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The real convergence of CEE countries : a study of real GDP per capita
Zárembová, Andrea; Lyócsa, Štefan; Baumöhl, Eduard - 2012
The paper examines the unconditional sigma and time-series convergence of real GDP per capita (measured in national … to all CEE8 countries. We have found that both sigma convergence and time-series convergence were present for most of the … CEE8 countries prior to the breaks in trends, but after the breaks, the convergence slowed or reversed and thus indicated …
Persistent link: https://www.econbiz.de/10011638347
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Potential Output in Theory and Practice : A Revision and Update of Okun’s Original Method
Fontanari, Claudia - 2019
This paper challenges the mainstream view of potential output, and enquires into the supposed effects of Great Recession on potential growth. We identify in the demand-led growth perspective a more promising theoretical framework both to define the notion and to gauge the long-term effects of a...
Persistent link: https://www.econbiz.de/10012866772