Some New Results on Industrial Sector Mode-Locking and Business Cycle Formation

Business cycles in different industries have a tendency to synchronize with one another in what appears to be a national business cycle. Using simulation and time series techniques in the time and frequency domain, we offer econometric support for the industrial sector mode-locking hypothesis, extending recent work by Selover, Jensen and Kroll (2003). In addition, we propose an economic motivation of the underlying nonlinear model.

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Year of publication:	2007
Authors:	Bernd SÃ¼ssmuth ; Woitek, Ulrich
Published in:	Studies in Nonlinear Dynamics & Econometrics. - Berkeley Electronic Press. - Vol. 9.2007, 3, p. 1185-1185
Publisher:	Berkeley Electronic Press
Subject:	industrial linkages \| synchronization \| comovement

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Extent:	application/pdf
Type of publication:	Article
Notes:	oai:bepress:
Source:	RePEc - Research Papers in Economics

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