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dc.contributor.authorAltuğ, Sumruen_US
dc.contributor.authorBildirici, Melikeen_US
dc.date.accessioned2010-11-03en_US
dc.date.accessioned2011-05-09T09:34:55Z-
dc.date.available2011-05-09T09:34:55Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/45446-
dc.description.abstractThis paper characterizes business cycle phenomena in a sample of 22 developed and developing economies using a univariate Markov regime switching approach. It examines the efficacy of this approach for detecting business cycle turning points and for identifying distinct economic regimes for each country in question. The paper also provides a comparison of the business cycle turning points implied by this study and those derived in other studies and by other methods. Our findings document the importance of heterogeneity of individual countries' experiences. We also argue that consideration of a large and diverse group of countries provides an alternative perspective on the co-movement of aggregate economic activity worldwide.en_US
dc.language.isoengen_US
dc.publisherTÜSİAD-Koç University Economic Research Forum Istanbulen_US
dc.relation.ispartofseriesTÜSİAD-Koç University Economic Research Forum working paper series 1009en_US
dc.subject.jelE32en_US
dc.subject.jelE37en_US
dc.subject.jelC32en_US
dc.subject.ddc330en_US
dc.subject.keywordMarkov switching approachen_US
dc.subject.keywordbusiness cyclesen_US
dc.subject.keywordturning point analysisen_US
dc.subject.keywordnonparametric modellingen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwKonjunktureller Wendepunkten_US
dc.subject.stwNichtparametrisches Verfahrenen_US
dc.subject.stwWelten_US
dc.titleBusiness cycles around the globe: a regime switching approachen_US
dc.typeWorking Paperen_US
dc.identifier.ppn638352053en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ERF Working Paper Series, TÜSİAD-Koç University Economic Research Forum (ERF)

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