Investigating Asymmetries in Macroeconomic Aggregates of Central and Eastern European Economies

Veli Yilanci

The AMFITEATRU ECONOMIC journal, 2012, vol. 14, issue 31, 223-229

Abstract: This study examines the asymmetric behavior of macroeconomic aggregates for Bulgaria, Croatia and Romania by employing Triples test of Randles et al. (1980). The results reveal that while most of the macroeconomic series for Bulgaria and Croatia are characterized by asymmetric behavior; comparatively, a small number of series for Romania were found to be asymmetric. The results imply that policy-makers and researchers should be cautious when forecasting these series and making inferences using linear econometric methodologies since linear models are not capable of generating asymmetric fluctuations.

Keywords: asymmetry; Central and Eastern European countries; deepness; steepness (search for similar items in EconPapers)
JEL-codes: C22 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.amfiteatrueconomic.ro/temp/Article_1112.pdf (application/pdf)

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:aes:amfeco:v:14:y:2012:i:31:p:223-229

Access Statistics for this article

More articles in The AMFITEATRU ECONOMIC journal from Academy of Economic Studies - Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Valentin Dumitru ().