On the Typical Spectral Shape of an Economic Variable

Daniel Levy () and Hashem Dezhbakhsh

No 2002-16, Working Papers from Bar-Ilan University, Department of Economics

Abstract: In a classic article, Granger (1966) asserted that most economic time series measured in level have spectra that exhibit a smooth declining shape with considerable power at very low frequencies. There has been no systematic attempt to examine Granger,s assertion with international data. We estimate output level spectra for 58 countries, divided into developed, high-income developing, and low-income developing groups. We find the shapes of the estimated spectra to be strikingly similar to Granger"s typical shape, particularly for the developed countries.

Keywords: Spectral Analysis; Spectral Shape; Output Level; OECD; Developing Countries. (search for similar items in EconPapers)
JEL-codes: E32 O40 O57 (search for similar items in EconPapers)
Date: 2002-12
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Citations: View citations in EconPapers (6)

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Related works:
Working Paper: On the Typical Spectral Shape of an Economic Variable (2004)
Journal Article: On the typical spectral shape of an economic variable (2003)
Journal Article: On the Typical Spectral Shape of an Economic Variable (2003)
Working Paper: On the typical spectral shape of an economic variable (2003)
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