Chocs temporaires et permanents dans le PIB de la France, du Royaume-Uni et des États-Unis

Olivier Darné and Claude Diebolt

Revue d'économie politique, 2006, vol. 116, issue 1, 65-78

Abstract: In this paper, infrequent large temporary and permanent shocks that have affected the quarterly GDP series for France, the United Kingdom and the United States are analyzed in the post World War II period using the outlier method. Strong proof of permanent and/or transitory shocks are found, resulting from (national and international) economic, political and monetary events. We show that the persistence in GDP for France and the United States is associated to infrequent large shocks as well as permanent shocks that are assumed to be randomly generated every observation period as in the case of a random walk.

Keywords: temporary and permanent shocks; unit root; GDP; outliers; cliometrics (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REDP_161_0065 (application/pdf)
http://www.cairn.info/revue-d-economie-politique-2006-1-page-65.htm (text/html)
free

Related works:
Working Paper: Chocs temporaires et permanents dans le PIB de la France, du Royaume-Uni et des Etats-Unis (2005)
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:cai:repdal:redp_161_0065

Access Statistics for this article

More articles in Revue d'économie politique from Dalloz
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().