Are Business Cycle Dynamics the Same across Countries? Testing Linearity around the Globe

Michael Bradley and Dennis Jansen

Studies in Nonlinear Dynamics & Econometrics, 2000, vol. 4, issue 2, 23

Abstract: 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 shocks and the tendency for negative real GDP shocks to be less persistent than positive real GDP shocks.

Keywords: business cycle dynamics; nonlinear; international (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (8)

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DOI: 10.2202/1558-3708.1056

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