A three-regime business cycle model for an emerging economy

Applied Economics Letters

Volumn 12, Issue 7, 2005, Pages 399-402

  Cruz, Moritz ^a  

^a UNIVERSITY OF MANCHESTER   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

BUSINESS CYCLE; MODELING; REGRESSION ANALYSIS;

EID: 22144444970     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/13504850500118775     Document Type: Article

References (17)

1. Arestis, P. and Glickman, M. (2002) Financial crisis in Southeast Asia: dispelling illusion in the Minskyan way, Cambridge Journal of Economics, 26, 237-60.
2. Burns, A. and Mitchell, W. (1946) Measuring Business Cycles, Cambridge University Press, Cambridge, MA.
3. Clements, M. and Krolzig, H.-M. (1998) A comparison of the forecast performance of Markov-switching and the threshold autoregressive models of US GNP, Econometrics Journal, 1, C47-C75.
4. Ferrara, L. (2003) A three-regime real-time indicator for the US economy, Economics Letters, 81, 373-78.
5. Hamilton, J. (1990) Analysis of time series subject to changes in regime, Journal of Econometrics, 45, 39-70.
6. Hamilton, J. (1994) Time Series Analysis, Princeton University Press, Princeton, NJ.
7. Kregel, J. (2001) Yes 'it' did happen again. The Minsky crisis in Asia, in Financial Fragility and the Investment in the Capitalist Economy, The Legacy of Hyman Minsky, Vol. II (Eds) R. Bellofiore and P. Ferri, Edward Elgar, Aldershot, pp. 195-212.
8. Krolzig, H.-M. (1997a) Markov-switching vector autoregressions. Modeling statistical inference, an application to the business cycle analysis, in Lecture Notes in Economics and Mathematical Systems 454, Springer-Verlag, Berlin.
9. Krolzig, H.-M. (1997b) International business cycles: regime shifts in the stochastic process of economic growth, Applied Economics Discussion Paper no. 194, Institute of Economics and Statistics and Nuffield College, Oxford University.
10. Krolzig, H.-M. (1998) Econometric modelling of Markovswitching vector autoregressions using MSVAR for Ox, Institute of Economics and Statistics and Nuffield College, Oxford University.
11. Mejia-Reyes, P. (2000) Essays on business cycles in Latin America, PhD thesis, University of Manchester.
12. Minsky, H. (1982) Inflation, Recession and Economy Policy, Wheatsheaf Books, Brighton.
13. Minsky, H. (1986) Stabilizing an Unstable Economy, Columbia University Press, New York.
14. Öcal, N. and Osborn, D. (2000) Business cycle nonlinearities in UK consumption and production, Journal of Applied Econometrics, 15, 27-43.
15. Rand, J. and Tarp, F. (2002) Business cycles in developing countries: are they different?, World Development, 30, 2071-88.
16. Ros, J. (2001) From the capital surge to the financial crisis and beyond: the Mexican economy in the 1990's, in Financial Crises in "Successful" Emerging Economies (Ed.) R. Ffrench-Davis ECLAC-Brookings Institutions Press, DC, pp. 107-40.
17. Sichel, D. (1994) Inventories and the three phases of the business of the cycles, Journal of Business and Economics Statistics, 12, 269-77.