Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56321
Authors: 
Dijk, Dick van
Strikholm, Birgit
Teräsvirta, Timo
Year of Publication: 
2001
Series/Report no.: 
SSE/EFI Working Paper Series in Economics and Finance 429
Abstract: 
Changes in the seasonal patterns of macroeconomic time series may be due to the effects of business cycle fluctuations or to technological and institutional change or both. We examine the relative importance of these two sources of change in seasonality for quarterly industrial production series of the G7 countries. We find compelling evidence that the effects of gradual institutional and technological change are much more important than the effects attributable to the business cycle.
Subjects: 
Nonlinear time series
seasonality
smooth transition autoregression
structural change
time-varying parameter
JEL: 
C22
C52
E32
Document Type: 
Working Paper

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