Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/45446 
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dc.contributor.authorAltuğ, Sumruen
dc.contributor.authorBildirici, Melikeen
dc.date.accessioned2010-11-03-
dc.date.accessioned2011-05-09T09:34:55Z-
dc.date.available2011-05-09T09:34:55Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aTÜSİAD-Koç University Economic Research Forum |cIstanbulen
dc.relation.ispartofseries|aWorking Paper |x1009en
dc.subject.jelE32en
dc.subject.jelE37en
dc.subject.jelC32en
dc.subject.ddc330en
dc.subject.keywordMarkov switching approachen
dc.subject.keywordbusiness cyclesen
dc.subject.keywordturning point analysisen
dc.subject.keywordnonparametric modellingen
dc.subject.stwKonjunkturen
dc.subject.stwKonjunktureller Wendepunkten
dc.subject.stwNichtparametrisches Verfahrenen
dc.subject.stwWelten
dc.titleBusiness cycles around the globe: a regime switching approach-
dc.typeWorking Paperen
dc.identifier.ppn638352053en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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