Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259331 
Year of Publication: 
2002
Series/Report no.: 
Working Paper No. 2002-16
Publisher: 
Bar-Ilan University, Department of Economics, Ramat-Gan
Abstract: 
In a classic article, Granger (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. We estimate output level spectra for 58 countries, divided into developed, high-income developing, and low-income developing groups. We find the shapes of the estimated spectra to be strikingly similar to Granger"s typical shape, particularly for the developed countries.
Subjects: 
Spectral Analysis
Spectral Shape
Output Level
OECD
Developing Countries
JEL: 
E32
O40
O57
Document Type: 
Working Paper

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