FURTHER EVIDENCE ON THE ASYMMETRIC BEHAVIOR OF ECONOMIC TIME-SERIES OVER THE BUSINESS-CYCLE
FURTHER EVIDENCE ON THE ASYMMETRIC BEHAVIOR OF ECONOMIC TIME-SERIES OVER THE BUSINESS-CYCLE
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DOI：
10.1086/261423
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发表时间：
1986-10-01
影响因子：
8.2
通讯作者：
FALK, B
中科院分区：
文献类型：
--
作者：
FALK, B
Salih Neftçi最近提出的证据支持这样一个假设，即经济活动的衰退往往比经济活动的复苏更剧烈，更短暂。然而，这一证据仅限于美国失业率的变化。在本文中，它表明，当Neftçi的方法被应用于分析的行为真实的国民生产总值，投资和生产率在美国或当他们被用来分析工业生产在国外，不对称假设似乎是不太引人注目。
Evidence has recently been presented by Salih Neftçi to support the hypothesis that recessions in economic activity tend to be steeper and more short-lived than recoveries in economic activity. That evidence, however, was confined to the behavior of the unemployment rate in the United States. In this paper it is shown that when Neftçi's methods are applied to analyze the behavior of real gross national product, investment, and productivity in the United States or when they are used to analyze industrial production abroad, the asymmetry hypothesis seems to be less compelling.