Using Regional Cycles to Measure National Business Cycles in the U.S. with the Markov Switching Panel Model

This paper measures the accuracy of using regional cycles to identify national business cycle turning points in the U.S. with the Markov Switching Panel (MSP) model. Based on the MSP model, it is determined that regional cycles are highly capable of identifying national business cycle turning points in the U.S., but the duration of recessions of regional cycles are longer than those of national business cycles.

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Year of publication:	2007-09-19
Authors:	Chen, Shyh-Wei
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 3.2007, 46, p. 1-12
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	C3 - Econometric Methods: Multiple/Simultaneous Equation Models ; E3 - Prices, Business Fluctuations, and Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011208230