Belarusian Business Cycle in Cross-country Comparison: Industry and Aggregate Data

Kirill Shakhnov ()

No 30, BEROC Working Paper Series from Belarusian Economic Research and Outreach Center (BEROC)

Abstract: The paper documents stylized facts about Belarusian business cycle based on aggregate and industry data and puts it into an international content. First, the aggregate fluctuations in Belarus are mostly driven by the wedge, which resembles a time-varying investment tax. Second, the fluctuation in relative prices of an industry is typically more important than volume fluctuation. Furthermore, the impact of price fluctuations is partially o ffset by volume fluctuation. Third, the aggregate cycle is smoother than the industry-speci fic one. In particular, agriculture, construction and fi nance experience a very sharp drop in a recession.

Keywords: bussiness cycle; industry data; Belarus (search for similar items in EconPapers)
JEL-codes: E32 L11 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2015-10
New Economics Papers: this item is included in nep-cis and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://eng.beroc.by/webroot/delivery/files/Shahnov_BEROCwp_no30.pdf First version, 2015 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to eng.beroc.by:80 (No such host is known. )

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bel:wpaper:30

Access Statistics for this paper

More papers in BEROC Working Paper Series from Belarusian Economic Research and Outreach Center (BEROC) Contact information at EDIRC.
Bibliographic data for series maintained by Svetlana Yakubovskaya ().