Cyclical patterns in aggregate economic activity of Slovene economy

Sebastjan Strasek and Timotej Jagric

Applied Economics, 2002, vol. 34, issue 14, 1813-1819

Abstract: This paper studies cyclic patterns in the Slovene economy with spectral analysis. It examines if the transition in Slovenia was marked by a statistically significant movement of aggregate economic activity, which corresponds to the definition of business cycle proposed by Mitchell and Burns (1946). It finds that in the period 1992-2000 a statistically significant cyclic component is present. The cyclic component oscillates with the frequency of 33.3 months. The results obtained in this paper suggest, that in the observed period two full-length cycles can be identified.

Date: 2002
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DOI: 10.1080/00036840210126179

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