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Journal of Applied Sciences
  Year: 2004 | Volume: 4 | Issue: 2 | Page No.: 282-286
DOI: 10.3923/jas.2004.282.286
An International Perspective on Business Cycle Asymmetry: Evidence from Non-parametric Analysis
Steven Cook

Abstract:
A cross-country comparison of business cycle asymmetry is conducted. The present analysis extends the existing literature in two ways. First, the 152 economies examined allows a larger cross-country comparison than presented in previous studies. Second, a new non-parametric test is employed which, unlike the typically applied test of asymmetry, is robust to outliers. The results obtained show asymmetric behaviour over the course of the business cycle to exist for a large number of economies. The implications of these findings for the implementation of economic policy and the specification of econometric models are noted.
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How to cite this article:

Steven Cook , 2004. An International Perspective on Business Cycle Asymmetry: Evidence from Non-parametric Analysis. Journal of Applied Sciences, 4: 282-286.

DOI: 10.3923/jas.2004.282.286

URL: https://scialert.net/abstract/?doi=jas.2004.282.286

 
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