EconPapers    
Economics at your fingertips  
 

On the temporary and permanent components of global construction

Paul Alagidede ()

Applied Economics Letters, 2016, vol. 23, issue 4, 284-289

Abstract: This letter applies unobserved components models to decompose global construction series. By examining the temporary and permanent trends in a structural time-series framework, the uninterpretable difficulties inherent in bandpass filters are overcome and the trend-cycle decomposition of the construction series is treated as a special case. Overall global construction mimic patterns in the global economy: falling with recessions and rising with upturns. Understanding the cyclical behaviour of global construction output and its long run trend holds important lessons for smoothing the construction cycle.

Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2015.1071461 (text/html)
Access to full text is restricted to subscribers.

Related works:
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:taf:apeclt:v:23:y:2016:i:4:p:284-289

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2015.1071461

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2021-01-04
Handle: RePEc:taf:apeclt:v:23:y:2016:i:4:p:284-289