Asymmetric Business Cycle Fluctuations and Contagion Effects in G7 Countries

Khurshid Kiani

International Journal of Business and Economics, 2007, vol. 6, issue 3, 237-253

Abstract: This research studies possible existence of business cycle asymmetries in Canada, France, Germany, Italy, Japan, UK, and US real GDP growth rates. Asymmetries in these countries are modeled using in-sample as well as jackknife out-of-sample forecasts approximated from artificial neural networks. Univariate results show statistically significant evidence of asymmetries in business cycle fluctuations in all the series; this is corroborated with bivariate analysis, which also finds evidence of contagion effects in these countries.

Keywords: asymmetries; business cycles; neural networks; nonlinearities; vector autoregressions (search for similar items in EconPapers)
JEL-codes: C32 C45 E32 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ijb:journl:v:6:y:2007:i:3:p:237-253

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