EconPapers    
Economics at your fingertips  
 

Concordance in business cycles

Christopher McDermott () and Alasdair Scott
Additional contact information
Alasdair Scott: Reserve Bank of New Zealand

No G99/7, Reserve Bank of New Zealand Discussion Paper Series from Reserve Bank of New Zealand

Abstract: We study the properties of a test of that determines whether two time series co-move. The test computes a simple non-parametric statistic for `concordance,' which describes the proportion of time that the cycles of two series spend in the same phase. We establish the size and power properties of this test. As an illustration, the procedures are applied to output series from selected major industrial countries. We find limited evidence of widespread concordance for these countries.

JEL-codes: C14 E32 (search for similar items in EconPapers)
Pages: 27p
Date: 1999-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18) Track citations by RSS feed

Downloads: (external link)
http://www.rbnz.govt.nz/-/media/ReserveBank/Files/ ... apers/1999/g99-7.pdf
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable (http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Discussion%20papers/1999/g99-7.pdf [301 Moved Permanently]--> https://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Discussion%20papers/1999/g99-7.pdf)

Related works:
Working Paper: Concordance in Business Cycles (2000) Downloads
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:nzb:nzbdps:1999/07

Access Statistics for this paper

More papers in Reserve Bank of New Zealand Discussion Paper Series from Reserve Bank of New Zealand Contact information at EDIRC.
Bibliographic data for series maintained by Reserve Bank of New Zealand Knowledge Centre ().

 
Page updated 2021-10-20
Handle: RePEc:nzb:nzbdps:1999/07