EconPapers    
Economics at your fingertips  
 

On detrending and cyclical asymmetry

Zacharias Psaradakis and Martin Sola

Journal of Applied Econometrics, 2003, vol. 18, issue 3, 271-289

Abstract: This paper considers the issue of testing for symmetry of the business cycle. It is demonstrated that findings of symmetry should be interpreted with caution since tests tend to have low power to detect asymmetries when applied to data that have been filtered to isolate their stationary business-cycle component. This implies that asymmetries are likely to be detected in practice only when they are particularly prominent. An empirical application examines the properties of the cyclical component of real GDP for the G7 countries. Copyright © 2002 John Wiley & Sons, Ltd.

Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29)

Downloads: (external link)
http://hdl.handle.net/10.1002/jae.681 Link to full text; subscription required (text/html)
http://qed.econ.queensu.ca:80/jae/2003-v18.3/ Supporting data files and programs (text/html)

Related works:
Working Paper: On Detrending and Cyclical Asymmetry (2002) Downloads
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:jae:japmet:v:18:y:2003:i:3:p:271-289

Ordering information: This journal article can be ordered from
http://www3.intersci ... e.jsp?issn=0883-7252

DOI: 10.1002/jae.681

Access Statistics for this article

Journal of Applied Econometrics is currently edited by M. Hashem Pesaran

More articles in Journal of Applied Econometrics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().

 
Page updated 2025-03-31
Handle: RePEc:jae:japmet:v:18:y:2003:i:3:p:271-289