Bradley, Michael; Jansen, Dennis - In: Studies in Nonlinear Dynamics & Econometrics 4 (2007) 2, pp. 51-71
We investigate business cycle dynamics for 26 countries, estimating a set of nonlinear models for real GDP where appropriate. We find a great deal of heterogeneity in the dynamics of real output growth across countries. At the same time, a common feature is the asymmetric response of real GDP to...
