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

Title: Is there a duration dependence in Taiwan's business cycles?
Authors: Shen, Chung-Hua;Chen, Shyh-Wei
Contributors: 金融系
Keywords: Duration dependence;business cycle;Markov switching model;Gibbs sampling
Date: 2006
Issue Date: 2015-03-23 18:12:34 (UTC+8)
Abstract: This paper intends to investigate the duration dependent feature of Taiwan's business cycles. The constant Markov switching model is revised to take account of the duration dependent feature. The most innovative findings herein are that there is no duration dependence for contraction for the circa pre-1990 periods and no duration dependence for expansion for the circa post-1990 periods. However, there is duration dependence for economic expansion for the circa pre-1990 and duration dependence for contraction for circa post-1990 periods, respectively. In addition, the recessionary dates identified by the duration dependent Markov switching model are identical to the officially defined recessionary chronologies.
Relation: International Economic Journal , vol. 20, no. 1, pp. 109-128
Data Type: article
DOI 連結:
Appears in Collections:[金融學系] 期刊論文

Files in This Item:

File Description SizeFormat

All items in 學術集成 are protected by copyright, with all rights reserved.

社群 sharing