Structural change test in duration of bull and bear markets

João Nicolau

Economics Letters, 2016, vol. 146, issue C, 64-67

Abstract: We propose a recursive test to analyze structural changes in duration of bull and bear markets. Using the Dow Jones Industrial Average index, we detected a single structural break in the bull market duration in April, 1942.

Keywords: Bull and bear market cycles; Structural Change; Duration of bull and bear market (search for similar items in EconPapers)
JEL-codes: E32 G15 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:146:y:2016:i:c:p:64-67

DOI: 10.1016/j.econlet.2016.07.022

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