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| Tekijä: | Moreno, R. |
| Otsikko: | How big is the permanent component in GNP? The evidence from Japan |
| Lehti: | Journal of the Japanese and International Economies
1995 : JUN, VOL. 9:2, p. 130-153 |
| Asiasana: | ECONOMIC CONDITIONS JAPAN INTERNATIONAL |
| Kieli: | eng |
| Tiivistelmä: | This paper estimates the size of the permanent component of GNP in Japan by applying parametric and nonparametric measures to long historical annual data extending back to 1855 and quarterly postwar data. Parametric measures suggest that shocks to Japanese GNP have large permanent effects. This result does not appear to be an artifact of time aggregation nor of apparent breaks in GNP growth. Ramon Moreno reports. |
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