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Some New Results on Industrial Sector Mode-Locking and Business Cycle Formation

Bernd Süssmuth and Ulrich Woitek

Studies in Nonlinear Dynamics & Econometrics, 2005, vol. 9, issue 3, 35

Abstract: Business cycles in different industries have a tendency to synchronize with one another in what appears to be a national business cycle. Using simulation and time series techniques in the time and frequency domain, we offer econometric support for the industrial sector mode-locking hypothesis, extending recent work by Selover, Jensen and Kroll (2003). In addition, we propose an economic motivation of the underlying nonlinear model.

Date: 2005
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DOI: 10.2202/1558-3708.1185

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