growth and decline over the decade 1991–2001 is developed and applied to an analysis of the non–metropolitan regions (Local …

scrambling bootstrap method to give a non-parametric estimate of the variance of our test statistic under the null hypothesis … identify the source of non-linearity due to interactions at specific frequencies. We also investigate implications for … heuristic diagnosis of non-stationarity. …

It is often suggested that non-linear models are needed to capture business cycle features. In this paper, we subject … this view to some critical analysis. We examine two types of non-linear models designed to capture the bounce-back effect … in US expansions. This means that these non-linear models produce an improved explanation of the shape of expansions over …