search query: @indexterm BUSINESS CYCLES / total: 529
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| Author: | Norrbin, S. Schlagenhauf, D. |
| Title: | The role of international factors in the bicycle race: a multicountry study |
| Journal: | Journal of International Economics
1996 : FEB, VOL. 40:1/2, p. 85-104 |
| Index terms: | ROLES INTERNATIONAL BUSINESS CYCLES |
| Language: | eng |
| Abstract: | Empirical research has been conducted on the various theories of the business cycle over many countries. However, very little research has attempted to undertake a multi-country disaggregate investigation into the sources of output change. This paper decomposes fluctuations in industry output in a particular country into: a nation-specific shock; an industry-specific shock; a common shock; and an idiosyncratic factor. Using a dynamic factor analysis state-space approach, the paper finds that the industry-specific impulse explains a significant but small part of the variance of the forecast error. |
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