The role of international factors in the business cycle: A multi-country study

Journal of International Economics

Volumn 40, Issue 1-2, 1996, Pages 85-104

  Norrbin, Stefan C ^a   Schlagenhauf, Don E ^b  

^a FLORIDA STATE UNIVERSITY   (United States)

^b ARIZONA STATE UNIVERSITY   (United States)

Author keywords

Business cycles; Dynamic factor analysis

Indexed keywords

EID: 0002715099     PISSN: 00221996     EISSN: None     Source Type: Journal    
DOI: 10.1016/0022-1996(95)01385-7     Document Type: Article

References (20)

1. Canova, F. and H. Dellas, 1993, Trade interdependance and the international business cycle, Journal of International Economics 34, 23-47.
2. Costello, D.M., 1993, A cross-country, cross-industry comparison of productivity growth, Journal of Political Economy 101, 207-222.
3. Dellas, H., 1986, A real model of the world business cycle, Journal of International Money and Finance 5, 381-394.
4. Delong, J.B. and R.J. Waldman, 1990, The effect of unemployment on the cyclicality of labour productivity, Working Paper (European University Institute, October).
5. Dempster, A.P., N.M. Laird and D.B. Rubin, 1977, Maximum likelihood from incomplete data via the EM algorithm, Journal of the Royal Statistical Society 8, 774-780.
6. Frisch, R., 1933, Propagation problems and impulse problems in dynamic economics, in: Economic essays in honor of Gustav Cassel (Allen and Unwin, London).
7. Haberler, G., 1940, Prosperity and Depression, 2nd ed. (United Nations, Geneva).
8. Halilton, J.D., 1983, Oil and the macroeconomy since World War II, Journal of Political Economy 91, 228-248.
9. Long, J.B., Jr. and C.I. Plosser, 1983, Real business cycles, Journal of Political Economy 91, 36-69.
10. Long, J.B., Jr. and C.I. Plosser, 1987, Sectoral vs. aggregate shocks in the business cycle, American Economic Review 70, 333-336.
11. MacKinnon, J., 1991, Critical values for cointegration tests, in: R.E. Engle and C.W.J. Granger, eds., Long run economic relationship: Readings in cointegration (Oxford University Press) 267-276.
12. McKinnon, R.I., 1982, Currency substitution and instability in the world dollar market, American Economic Review 72, 320-333.
13. Norrbin, S.C. and D.E. Schlagenhauf, 1988, An inquiry into the sources of macroeconomic fluctuations, Journal of Monetary Economics 22, 44-70.
14. Norrbin, S.C. and D.E. Schlagenhauf, 1990, sources of output fluctuations in the United States during the interwar and postwar years, Journal of Economic Dynamics and Control 14, 523-551.
15. Pesaran, M.H., R.G. Pierse and K.C. Lee, 1993, Persistence, cointegration and aggregation: A disaggregated analysis of output fluctuations in the U.S. economy, Journal of Econometrics 56, 57-89.
16. Sargent, T.J. and C.A. Sims, 1980, Business cycle modeling without pretending to have too much of a priority economic theory, in: New methods in business cycle research (Federal Reserve Bank of Minneapolis, Minneapolis).
17. Slutsky, E., 1937, The summation of random causes as the source of cyclic processes, Econometrica 5, 312-330.
18. Stockman, A.C., 1988, Sectoral and national aggregate disturbances to industrial output in seven European countries, Journal of Monetary Economics 21, 387-409.
19. Watson, M.W. and R.F. Engle, 1983, Alternative algorithms for estimation of dynamic MIMIC, factor, and time varying coefficient regression models, Journal of Econometrics 23, 385-400.
20. Zarnowitz, V., 1985, Recent work in business cycles in historical perspective: A review of theories and evidence, Journal of Economic Literature 23, 523-580.