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The effects of institutional and technological change and business cycle fluctiations on seasonal patterns in quarterly industrial production series

Dick van Dijk (), B. Strikholm and Timo Teräsvirta ()

No EI 2001-12, Econometric Institute Research Papers from Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute

Abstract: Changes in the seasonal patterns of macroeconomic time series may be due to the effects of business cycle fluctuations or to technological and institutional change or both. We examine the relative importance of these two sources of change in seasonality for industrial production series of the G7 countries. We find compelling evidence that the effects of gradual institutional and technological change are much more important than the effects attributable to the business cycle.

Keywords: Nonlinear time series; Seasonality; Smooth transition autoregression; structural change; time-varying parameter (search for similar items in EconPapers)
Date: 2001-03-30
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Related works:
Working Paper: The effects of institutional and technological change and business cycle fluctuations on seasonal patterns in quarterly industrial production series (2004) Downloads
Journal Article: The effects of institutional and technological change and business cycle fluctuations on seasonal patterns in quarterly industrial production series (2003) Downloads
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