Are Business Cycle Dynamics the Same across Countries? Testing Linearity around the Globe

Michael D. Bradley; Dennis W. Jansen

doi:10.2202/1558-3708.1056

Published by De Gruyter July 1, 2000

Are Business Cycle Dynamics the Same across Countries? Testing Linearity around the Globe

Michael D. Bradley and Dennis W. Jansen

From the journal Studies in Nonlinear Dynamics & Econometrics

https://doi.org/10.2202/1558-3708.1056

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We investigate business cycle dynamics for 26 countries, estimating a set of nonlinear models for real GDP where appropriate. We find a great deal of heterogeneity in the dynamics of real output growth across countries. At the same time, a common feature is the asymmetric response of real GDP to shocks and the tendency for negative real GDP shocks to be less persistent than positive real GDP shocks.

Keywords: business cycle dynamics; nonlinear; international

Published Online: 2000-7-1

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Studies in Nonlinear Dynamics & Econometrics

Volume 4 Issue 2

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