Empirical Results on the Size Distribution of Business Cycle Phases

Di Guilmi, C; Gaffeo, E; Gallegati, M

Empirical Results on the Size Distribution of Business Cycle Phases

Di Guilmi, C Gaffeo, E Gallegati, M

Publisher:: Elsevier Science BV
Publication Type:: Journal Article
Citation:: Physica A: Statistical Mechanics and its Applications, 2004, 333 pp. 325 - 334
Issue Date:: 2004-01

Permalink

Closed Access

Full metadata record

Field	Value	Language
dc.contributor.author	Di Guilmi, C	en_US
dc.contributor.author	Gaffeo, E	en_US
dc.contributor.author	Gallegati, M	en_US
dc.date.issued	2004-01	en_US
dc.identifier.citation	Physica A: Statistical Mechanics and its Applications, 2004, 333 pp. 325 - 334	en_US
dc.identifier.issn	0378-4371	en_US
dc.identifier.uri	http://hdl.handle.net/10453/8247
dc.description.abstract	We study the size distribution of business cycles phases, that is expansions and contractions, for a sample of 16 industrialized countries over 120 years. We find that the best-fitting distribution for both expansions and contractions is Weibull, meaning that business cycles possess a characteristic scale. Furthermore, we discuss how parameters estimates can be used to make inference on the probability a typical episode ends, that is on what economists call turning points.	en_US
dc.publisher	Elsevier Science BV	en_US
dc.relation.ispartof	Physica A: Statistical Mechanics and its Applications	en_US
dc.relation.isbasedon	10.1016/j.physa.2003.10.022	en_US
dc.subject.classification	Fluids & Plasmas	en_US
dc.title	Empirical Results on the Size Distribution of Business Cycle Phases	en_US
dc.type	Journal Article
utslib.citation.volume	333	en_US
utslib.for	0105 Mathematical Physics	en_US
utslib.for	0105 Mathematical Physics	en_US
utslib.for	0206 Quantum Physics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics
utslib.copyright.status	closed_access
pubs.consider-herdc	false	en_US
pubs.notes	OK-SAM	en_US
pubs.volume	333	en_US

Files in This Item:

	Filename	Description	Size
	2008004086OK.pdf		282.01 kB	Adobe PDF	View/Open

Copyright Clearance Process

Recently Added
In Progress
Closed Access

This item is closed access and not available.

Abstract:

We study the size distribution of business cycles phases, that is expansions and contractions, for a sample of 16 industrialized countries over 120 years. We find that the best-fitting distribution for both expansions and contractions is Weibull, meaning that business cycles possess a characteristic scale. Furthermore, we discuss how parameters estimates can be used to make inference on the probability a typical episode ends, that is on what economists call turning points.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/8247