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dc.contributor.authorDöpke, Jörgen
dc.contributor.authorPierdzioch, Christianen
dc.date.accessioned2009-01-28T14:59:46Z-
dc.date.available2009-01-28T14:59:46Z-
dc.date.issued2000-
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
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x966en
dc.subject.jelE44en
dc.subject.jelE32en
dc.subject.ddc330en
dc.subject.keywordreal business cyclesen
dc.subject.keywordsectoral shocksen
dc.subject.keywordstock market dispersionen
dc.subject.keywordprobit modelen
dc.subject.keywordstructural VARen
dc.subject.stwReal Business Cycleen
dc.subject.stwStrukturwandelen
dc.subject.stwProduktivitäten
dc.subject.stwSchocken
dc.subject.stwBörsenkursen
dc.subject.stwRenditeen
dc.subject.stwBrancheen
dc.subject.stwKorrelationen
dc.subject.stwVAR-Modellen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleStock Market Dispersion, Sectoral Shocks, and the German Business Cycle-
dc.typeWorking Paperen
dc.identifier.ppn859829162en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:966en
dc.identifier.printppn310054346en

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