Regional business cycle phases in Japan

Howard Wall

Review, 2007, vol. 89, issue Jan, 80 pages

Abstract: This paper uses a Markov-switching model with structural breaks to characterize and compare regional business cycles in Japan for the period 1976-2005. An early-1990s structural break meant a reduction in national and regional growth rates in expansion and recession, usually resulting in an increase in the spread between the two phases. Although recessions tended to be experienced across a majority of regions throughout the sample period, the occurrence and lengths of recessions at the regional level have increased over time.

Keywords: Economic conditions - Japan; Business cycles (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (8)

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Working Paper: Regional business cycle phases in Japan (2006)
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