Asymmetry in the Business Cycle: Evidence from the Australian Labour Markets

Maurice Peat and Max Stevenson
Additional contact information
Maurice Peat: Discipline of Finance, University of Sydney
Max Stevenson: Discipline of Finance, University of Sydney

No 37, Working Paper Series from Finance Discipline Group, UTS Business School, University of Technology, Sydney

Abstract: Cyclical asymmetry has been recognised as a nonlinear phenomenonin recent studies examining unemployment rate time series. In this paper we use a number of established and new tests for identifying nonlinearities of the bilinear (BL), exponential autoregressive (EXPAR), smooth transition autoregressive (STAR), and self-exciting threshold autoregressive (SETAR) types as they occur in time series of the seasonally differenced logarithm of monthly Australian aggregate and regional unemployment rates. After identifying nonlinearity of a particular form within a given time series, the appropriate model is fitted and representations from the model analysed for their cyclical behaviour.

Keywords: asymmetry; unemployment; dynamic; nonlinear dependence (search for similar items in EconPapers)
Pages: 44 pages
Date: 1994-06-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published as: Peat, M. and Stevenson, M. 1996, "Asymmetry in the Business Cycle: Evidence from the Australian Labour Market", Journal of Economic Behavior and Organization, 30(3), pp. 353-368.

Downloads: (external link)
http://www.finance.uts.edu.au/research/wpapers/wp37.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www.finance.uts.edu.au:80 (A connection attempt failed because the connected party did not properly respond after a period of time, or established connection failed because connected host has failed to respond.)

Related works:
Journal Article: Asymmetry in the business cycle: Evidence from the Australian labour market (1996)
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:uts:wpaper:37

Access Statistics for this paper

More papers in Working Paper Series from Finance Discipline Group, UTS Business School, University of Technology, Sydney PO Box 123, Broadway, NSW 2007, Australia. Contact information at EDIRC.
Bibliographic data for series maintained by Duncan Ford ().