Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75528
Authors: 
Cheung, Yin-Wong
Westermann, Frank
Year of Publication: 
1999
Series/Report no.: 
CESifo Working Paper 220
Abstract: 
Using a time series framework, the paper studies the interac tions of the annual real per capita GDP data of the G7 countries. We find evidence of six common nonstationary processes behind the international output dynamics. In addition, there is evidence for the existence of a common business cycle among these coun t ries. The trend and cycle components of each output series are obtained with a procedure that accounts for the presence of both the common nonstationary and cyclical factors. It is found that the relative variability and the correlation of the trend and cycle components are not similar across the G7 countries.
Document Type: 
Working Paper

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