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Modelling business cycle nonlinearity in conditional mean and conditional variance : some international and sectoral evidence

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Taking over : a new US/UK productivity benchmark and the nature of American economic leadership ca. 1910

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Modelling Business Cycle Nonlinearity in Conditional Mean and Conditional Variance : Some International and Sectoral Evidence

Peel, David A.; Speight, Alan E.H - 2003

This paper tests for the presence of output mean and variance nonlinearities in international industrial production and UK and US sectoral production growth rates using ARMA-GQARCH, bilinear (BL) and joint BL-GQARCH models. ARMA-GQARCH models confirm the presence of asymmetric variance effects...

Persistent link: https://www.econbiz.de/10014075635