We characterize increases and decreases in plant-product -level output sales in the Finnish manufacturing sector during years 2006 to 2015. We show that during the recession of 2008 to 2009, the intensity of variation in plant-product -level sales diminished, and it took several years until the...

A class of absolutely continuous bivariate exponential distributions is constructed using the product form of a first order autoregressive model. Inference methods are proposed for parameter estimation and diagnosis. Data analysis is carried out to illustrate the applications.