Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/24345 
Erscheinungsjahr: 
1999
Schriftenreihe/Nr.: 
ZEW Discussion Papers No. 99-34
Verlag: 
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim
Zusammenfassung: 
In an a priori view, it is usually assumed that the business cycle of manufacturing industries leads the business cycle of the service sector. This seems to be even more plausible for the relationship between business-related services, whose high growth rates in recent years were largely due to increased outsourcing activities of the manufacturing sector. In this paper it is shown that the relationship is not as simple as it appears at first sight. We run Granger causality tests between sales growth rates of the business-related service sector against growth rates of various series of the manufacturing sector. It turns out that the relationship between business-related services and manufacturing is either contemporaneous or bi-directional, while no evidence is given for manufacturing leading business-related services.
Schlagwörter: 
business cycle
Granger causality
business-related services
JEL: 
C22
E32
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
117.67 kB





Publikationen in EconStor sind urheberrechtlich geschützt.