Chen, Yen-Hsiao; Quan, Lianfeng; Liu, Yang - In: China Economic Review 27 (2013) C, pp. 69-81
This paper employs a structural time series model designed with three components of stochastic seasonality, trigonometric expression of cyclicality and local linear trend to investigate the evolutionary process of China's GDP. In particular, the model is able to detect the stop–go feature of...