Business Cycles Asymmetry: An Analysis of Developing Countries
Roy W. L. Khong () and
Evan Lau ()
The IUP Journal of Applied Economics, 2007, vol. VI, issue 2, 33-44
Asymmetry tests, which were bifurcated into deepness and steepness tests, proposed by Sichel (1993) are applied to the business cycles of 11 developing countries. These tests provide evidence of statistically significant negative deepness and steepness only for Malawi. Such asymmetry behaviors indicate that business cycles suffer a sharp fall during recessions, and economic recoveries are slow and moderate.
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Persistent link: http://EconPapers.repec.org/RePEc:icf:icfjae:v:06:y:2007:i:2:p:33-44
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