Regional business cycle phases in Japan
Howard Wall ()
No 2006-053, Working Papers from Federal Reserve Bank of St. Louis
This paper uses a Markov-switching model with structural breaks to characterize and compare regional business cycles in Japan for 1976-2005. An early 1990s structural break meant a reduction in national and regional growth rates in expansion and recession, usually resulting in an increase in the spread between the two phases. Although recessions tended to be experienced across a majority of regions throughout the sample period, the occurrence and lengths of recessions at the regional level have increased over time.
Keywords: Business cycles; Economic conditions - Japan (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo, nep-mac and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Published in Federal Reserve Bank of St. Louis Review, January/February 2007, 89(1), pp. 61-76
Downloads: (external link)
Journal Article: Regional business cycle phases in Japan (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlwp:2006-053
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in Working Papers from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Anna Oates ().