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Licensed Unlicensed Requires Authentication Published by De Gruyter September 20, 2005

Some New Results on Industrial Sector Mode-Locking and Business Cycle Formation

Bernd Süssmuth and Ulrich Woitek

Business cycles in different industries have a tendency to synchronize with one another in what appears to be a national business cycle. Using simulation and time series techniques in the time and frequency domain, we offer econometric support for the industrial sector mode-locking hypothesis, extending recent work by Selover, Jensen and Kroll (2003). In addition, we propose an economic motivation of the underlying nonlinear model.

Published Online: 2005-9-20

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