Bradley, Michael D.; Jansen, Dennis W. - In: Studies in Nonlinear Dynamics & Econometrics 4 (2000) 2
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...
