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Business cycles and complex non-linear dynamics

✍ Scribed by Kazuo Nishimura; Makoto Yano


Publisher
Elsevier Science
Year
1992
Tongue
English
Weight
414 KB
Volume
2
Category
Article
ISSN
0960-0779

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Business cycle non-linearities in UK con
✍ Nadir Γ–cal; Denise R. Osborn πŸ“‚ Article πŸ“… 2000 πŸ› John Wiley and Sons 🌐 English βš– 204 KB

This paper develops non-linear smooth transition autoregressive (STAR) models with two additive smooth transition components to capture the business cycle characteristics of UK real consumers' expenditure and industrial production. The results indicate consumption has essentially two business cycle