Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/206826
Authors: 
Levy, Daniel
Dezhbakhsh, Hashem
Year of Publication: 
2003
Citation: 
[Journal:] Applied Economics Letters [ISSN:] 1466-4291 [Volume:] 10 [Issue:] 7 [Pages:] 417-423
Abstract: 
In a classic article, Granger (Econometrica 34, 1966) asserted that most economic time series measured in level have spectra that exhibit a smooth declining shape with considerable power at very low frequencies. There has been no systematic attempt to examine Granger's assertion with international data. Output level spectra are estimated for 58 countries, divided into developed, high-income developing, and low-income developing groups. The shapes of the estimated spectra are found to be strikingly similar to Granger's typical shape, particularly for the developed countries.
Subjects: 
Spectral Analysis
Spectral Shape
Output Level
OECD
and Developing Countries
JEL: 
E32
O40
O57
Published Version’s DOI: 
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)

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