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dc.contributor.authorDöpke, Jörgen_US
dc.contributor.authorPierdzioch, Christianen_US
dc.date.accessioned2009-01-28T14:59:46Z-
dc.date.available2009-01-28T14:59:46Z-
dc.date.issued2000en_US
dc.identifier.urihttp://hdl.handle.net/10419/17831-
dc.description.abstractThis paper elaborates on the relative importance of sectoral shocks for real economic activity in Germany. Implications of multisectoral real business cycle models are examined by resorting to testing techniques based on stock market returns. The empirical evidence is obtained by calculating cross-correlation coefficients of sectoral stock market returns with industrial production, by estimating a limited dependent variable model, and by setting up a trivariate structural vectorautoregression model including a stock market dispersion measure. The results suggest that the influence of sectoral shocks on the dynamics of real output is rather small.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 966en_US
dc.subject.jelE44en_US
dc.subject.jelE32en_US
dc.subject.ddc330en_US
dc.subject.keywordreal business cyclesen_US
dc.subject.keywordsectoral shocksen_US
dc.subject.keywordstock market dispersionen_US
dc.subject.keywordprobit modelen_US
dc.subject.keywordstructural VARen_US
dc.subject.stwReal Business Cycleen_US
dc.subject.stwStrukturwandelen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwSchocken_US
dc.subject.stwBörsenkursen_US
dc.subject.stwRenditeen_US
dc.subject.stwBrancheen_US
dc.subject.stwKorrelationen_US
dc.subject.stwVAR-Modellen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleStock Market Dispersion, Sectoral Shocks, and the German Business Cycleen_US
dc.typeWorking Paperen_US
dc.identifier.ppn310054346en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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