On the Measurement of Business Cycles and Growth Cycles

Victor Zarnowitz and Ataman Ozyildirim
Additional contact information
Victor Zarnowitz: The Conference Board

Indian Economic Review, 2001, vol. 36, issue 1, 37-54

Abstract: Business cycles and growth cycles should not be mixed or confused, as is unfortunately often the case in discussions of economic growth. This paper compares various approaches to time series decomposition for the analysis of business cycles and growth cycles as related but separate phenomena. We discuss the phase average trend (PAT) in some detail and compare it with the Hodrick-Prescott and band-pass filter methods of trend estimation. We find that the PAT yields better results for the purposes of identifications and study of growth cycles.

JEL-codes: E32 N10 O47 (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (6)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:dse:indecr:v:36:y:2001:i:1:p:37-54

Ordering information: This journal article can be ordered from
http://www.ierdse.org/

Access Statistics for this article

Indian Economic Review is currently edited by Pami Dua (Editor) & Ram Singh (Associate Editor) and Sunil Kanwar

More articles in Indian Economic Review from Department of Economics, Delhi School of Economics University of Delhi, Delhi 110 007. Contact information at EDIRC.
Bibliographic data for series maintained by Pami Dua ().