The behaviour of disaggregated output over the economic cycle

Juliet Mashabela and Leroi Raputsoane

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the behaviour of disaggregated output over the economic cycle in South Africa. Aggregate output and output of the economic sectors and industries were decomposed into their transitory and potential components. These components were then examined for comovement. The results of the transitory component generally show a moderate to strong positive comovement between aggregate output and output of all the economic sectors and industries. The results of the potential component generally show a weak positive comovement between aggregate output and output of most economic sectors and the economic industries. A generally weak comovement between aggregate output and output of general government services and community, social and personal services highlights a more laissez faire approach to economic management. Contrary to the investment literature, there does not seem to be a definite distinction between the industry categories of companies, such as the defensive, cyclical and sensitive industries.

Keywords: Disaggregated output; Commovement; Economic cycle (search for similar items in EconPapers)
JEL-codes: C11 C52 D20 E32 (search for similar items in EconPapers)
Date: 2018-02-07
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/121912/1/MPRA_paper_84422.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/121912/9/MPRA_paper_121912.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/122906/9/MPRA_paper_121912.pdf revised version (application/pdf)

Related works:
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:pra:mprapa:121912

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().