Di Guilmi, Corrado; Gaffeo, Edoardo; Gallegati, Mauro - In: Physica A: Statistical Mechanics and its Applications 333 (2004) C, pp. 325-334
We study the size distribution of business cycles phases, that is expansions and contractions, for a sample of 16 industrialized countries over 120 years. We find that the best-fitting distribution for both expansions and contractions is Weibull, meaning that business cycles possess a...