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Two centuries of economic growth: international evidence on deepness and steepness

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dc.contributor.authorFuinhas, José Alberto
dc.contributor.authorMarques, António Cardoso
dc.contributor.authorAlmeida, Pedro De
dc.contributor.authorNogueira, David do Coito
dc.contributor.authorBranco, Tânia
dc.date.accessioned2019-01-21T17:09:29Z
dc.date.available2019-01-21T17:09:29Z
dc.date.issued2016
dc.description.abstractThis paper focuses on more than two centuries of annual data. It applies the coefficient of skewness and the triples test, in order to detect the presence of deepness and steepness asymmetries in the real GDP per capita of thirty-one countries. By considering a large set of countries over periods starting from 1800, 1820, 1850, 1870, and 1900 and ending in 2010, the robustness of results was addressed. Both tests reveal the scarcity of international evidence of deepness asymmetry, but point to evidence of negative steepness for several countries. In fact, this negative steepness asymmetry supports the view that phases of expansions last longer than the phases of contraction in the business cycle, and this assumption is true for long time spans. Disregarding asymmetric features of economic growth could result in misconstrued economic policies, resulting from crucial failures to predict turning points in the business cycle.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.urihttp://hdl.handle.net/10400.6/6816
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.subjectAsymmetrypt_PT
dc.subjectsteepnesspt_PT
dc.subjectBusiness cyclept_PT
dc.subjectTriples Testpt_PT
dc.titleTwo centuries of economic growth: international evidence on deepness and steepnesspt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.volume15pt_PT
person.familyNameFuinhas
person.familyNameMarques
person.familyNamede Almeida
person.givenNameJosé Alberto
person.givenNameAntónio Cardoso
person.givenNamePedro
person.identifierR-000-7ZC
person.identifier1880954
person.identifier.ciencia-id7817-FFB9-9DC0
person.identifier.ciencia-idBE19-EAEF-30CF
person.identifier.orcid0000-0002-6937-5420
person.identifier.orcid0000-0002-9906-3874
person.identifier.orcid0000-0003-4553-2783
person.identifier.ridP-1603-2017
person.identifier.ridD-2235-2011
person.identifier.scopus-author-id36168979700
person.identifier.scopus-author-id36169680100
person.identifier.scopus-author-id57197966195
rcaap.embargofctCopyright cedido à editora no momento da publicaçãopt_PT
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication3261ccf1-fcd4-48ad-bf1d-a8834c5f17ad
relation.isAuthorOfPublication0dfb8b49-b2ad-4a47-8478-a3ac0a8c639f
relation.isAuthorOfPublicationfccad92f-684d-46d0-beaf-a1763809b11b
relation.isAuthorOfPublication.latestForDiscoveryfccad92f-684d-46d0-beaf-a1763809b11b

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