| Name: | Description: | Size: | Format: | |
|---|---|---|---|---|
| 366.21 KB | Adobe PDF |
Authors
Abstract(s)
São testadas duas formas distintas de assimetria cíclica, a deepness e a steepness, através da aplicação do teste do coeficiente de enviesamento e do teste triples. A assimetria é analisada em vinte e três países, segundo uma perspectiva secular do PIB real per capita (1820/70 a 2008). Os resultados dos testes sugerem que a deepness não é relevante a nível internacional. Para a steepness, os testes revelam resultados contraditórios, sendo que o coeficiente de enviesamento evidencia a presença de assimetria em onze dos vinte e três países e o teste triples em seis países. A aplicação do teste do coeficiente de enviesamento e
do teste triples permite cotejar os resultados obtidos e aferir da robustez dos resultados. Ao contrário do sugerido na literatura, baseada em dados trimestrais, a nossa investigação não é conclusiva acerca da presença, ao nível internacional, de assimetria nos ciclos económicos.
We test, using the coefficient of skewness and the triples test, two types of cyclical asymmetry – the deepness and the steepness. The asymmetry, for twenty-three countries, is examined, from over a century data of real GDP per capita (1820/70 to 2008). There is no international evidence of deepness. For the steepness, the tests show mixed results. Indeed, the coefficient of skewness reveal presence of asymmetry for eleven countries, and the triples test for six ones. The assessment of these two tests allows us to judge the results and the robustness of the analyses. On contrary of the most of literature, based on quarterly data, our research is mixed about international evidence of business cycle asymmetries.
We test, using the coefficient of skewness and the triples test, two types of cyclical asymmetry – the deepness and the steepness. The asymmetry, for twenty-three countries, is examined, from over a century data of real GDP per capita (1820/70 to 2008). There is no international evidence of deepness. For the steepness, the tests show mixed results. Indeed, the coefficient of skewness reveal presence of asymmetry for eleven countries, and the triples test for six ones. The assessment of these two tests allows us to judge the results and the robustness of the analyses. On contrary of the most of literature, based on quarterly data, our research is mixed about international evidence of business cycle asymmetries.
Description
Keywords
Ciclos económicos - Assimetria Produto interno bruto