Business Cycle Asymmetries: International Evidence

Weshah Razzak

Review of Economic Dynamics, 2001, vol. 4, issue 1, 230-243

Abstract: This paper uses the Triples test of Randles et al (1980) to detect asymmetries in US as well as international GDP fluctuations. The test does not detect any asymmetry in the distribution of the US GDP, which is consistent with previous empirical findings. However, significant asymmetries are found in international data. Detection of asymmetries is a first step towards model-selection process such that stylized facts can be replicated. (Copyright: Elsevier)

Keywords: multicountry models; asymmetry; steepness; deepness (search for similar items in EconPapers)
JEL-codes: C14 E3 E32 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (55)

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DOI: 10.1006/redy.2000.0109

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