On the typical spectral shape of an economic variable

Daniel Levy () and Hashem Dezhbakhsh

Post-Print from HAL

Abstract: In a classic article, Granger (Econometrica 34, 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. Output level spectra are estimated for 58 countries, divided into developed, high-income developing, and low-income developing groups. The shapes of the estimated spectra are found to be strikingly similar to Granger's typical shape, particularly for the developed countries.

Keywords: Spectral Analysis; Spectral Shape; Output Level; OECD; Developing Countries; Spectrum (search for similar items in EconPapers)
Date: 2003-05
Note: View the original document on HAL open archive server: https://hal.science/hal-02386554
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Published in Applied Economics Letters, 2003, 10 (7), pp.417-423. ⟨10.1080/1350485032000102187⟩

Downloads: (external link)
https://hal.science/hal-02386554/document (application/pdf)

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 (2002)
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:hal:journl:hal-02386554

DOI: 10.1080/1350485032000102187

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().