Empirical Results on the Size Distribution of Business Cycle Phases

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dc.contributor.author Di Guilmi, C
dc.contributor.author Gaffeo, E
dc.contributor.author Gallegati, M
dc.date.accessioned 2010-05-28T09:42:02Z
dc.date.issued 2004-01
dc.identifier.citation Physica A: Statistical Mechanics and its Applications, 2004, 333 pp. 325 - 334
dc.identifier.issn 0378-4371
dc.identifier.other C1UNSUBMIT 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.
dc.publisher Elsevier Science BV
dc.relation.isbasedon 10.1016/j.physa.2003.10.022
dc.title Empirical Results on the Size Distribution of Business Cycle Phases
dc.type Journal Article
dc.parent Physica A: Statistical Mechanics and its Applications
dc.journal.volume 333
dc.journal.number en_US
dc.publocation The Netherlands en_US
dc.identifier.startpage 325 en_US
dc.identifier.endpage 334 en_US
dc.cauo.name University of Technology, Sydney en_US
dc.conference Verified OK en_US
dc.for 0105 Mathematical Physics
dc.personcode 105951
dc.percentage 100 en_US
dc.classification.name Mathematical Physics en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords Author Keywords: Business cycles; Weibull distribution; Predictability en_US
dc.description.keywords Author Keywords: Business cycles
dc.description.keywords Weibull distribution
dc.description.keywords Predictability
pubs.embargo.period Not known
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
utslib.copyright.date 2015-04-15 12:17:09.805752+10
utslib.collection.history Closed (ID: 3)


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