turning point analysis

Business Cycles around the Globe: A Regime-switching Approach

JEL codes: 
C32, E32, E37
Version Date: 
Jul 2010

This paper characterizes business cycle phenomena in a sample of 27 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.

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