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Table A 3 c: Analysis of turning point sequences with respect to the reference series
Austrian gross value added excluding agriculture
BK
Averaae Laa at
w.r.t
Reference Peaks Troughs All
........ c
aufF -0.86 -0.17 -0.54
autCDE -0.43 -0.43 -0.43
autGDP 0.57 -0.5 0.08
autGHI 0 -1.67 -0.83
autGVA 0 -0.14 -0.07
autJK 0.4 1.6 1
eurGDP 0 -0.83 -0.42
eurGDPex -0.71 -0.43 -0.57
gerCDE -0.83 -0.83 -0.83
qerF -0.38 1 0.27
aerGDP -0.67 -0.8 -0.73
aerGHI 2 -1.33 0.18
gerGVA -0.17 -1.17 -0.67
aerGVAex -1 -1.17 -1.08
aerJK 0.6 1.5 1.09
Nole: +/-/ denotes a lag /lead/ with respect to the reference series.
Source: Own calculations. Median Laa at
Peaks Troughs
-1 0.5
0 -1
0 -0.5
-0.5 0
0 0
0.5 1
0 -0.5
0.5 -0.5
-0.5 -0.5
-1.5 -0.5
-0.5 -0.5
2 0
0 -0.5
-0.5 -0.5
-1.5 1 All
-1
-0.5
0
0
0
1
0
0
-0.5
-1
-0.5
0
0
-0.5
0
The Austrian Business Cycle in the European Context
Forschungsergebnisse der Wirtschaftsuniversitat Wien
- Titel
- The Austrian Business Cycle in the European Context
- Autor
- Marcus Scheiblecker
- Verlag
- PETER LANG - lnternationaler Verlag der Wissenschaften
- Ort
- Frankfurt
- Datum
- 2008
- Sprache
- englisch
- Lizenz
- CC BY 4.0
- ISBN
- 978-3-631-75458-0
- Abmessungen
- 14.8 x 21.0 cm
- Seiten
- 236
- Schlagwörter
- Economy, Wirtschaft, WIFO, Vienna
- Kategorien
- International
- Recht und Politik
Inhaltsverzeichnis
- Zusammenfassung V
- Abstract IX
- List of figures and tables XV
- List of abbreviations XVII
- List of variables XIX
- 1. Research motivation and overview 1
- 2. The data 7
- 3. Methods of extracting business cycle characteristics 13
- 4. Identifying the business cycle 41
- 5. Analysing cyclical comovements
- 6. Dating the business cycle 61
- 7. Analysis of turning points 71
- 8. Results 79
- 9. Comparing results with earlier studies on the Austrian business cycle 125
- 9.1 Comparing the results with the study by Altissimo et al. (2001) 126
- 9.2 Comparing the results with the study by Monch -Uhlig (2004) 128
- 9.3 Comparing the results with the study by Cheung -Westermann (1999) 130
- 9.4 Comparing the results with the study by Brandner -Neusser (1992) 131
- 9.5 Comparing the results with the study by Forni - Hallin -Lippi -Reich/in (2000) 132
- 9.6 Comparing the results with the study by Breitung -Eickmeier (2005) 134
- 9.7 Comparing the results with the study by Artis - Marcellino - Proietti (2004) 134
- 9.8 Comparing the results with the study by Vijselaar -Albers (2001) 140
- 9.9 Comparing the results with the study by Artis - Zhang (1999) 142
- 9.10 Comparing the results with the study by Dickerson -Gibson -Tsakalotos (1998) 142
- 9.11 Comparing the results with the study by Artis - Krolzig - Toro (2004) 143
- 9.12 Comparing the results with the dating calendar of the CEPR 146
- 9.13 Comparing the results with the study by Breuss ( 1984) 151
- 9.14 Comparing the results with the study by Hahn - Walterskirchen ( 1992) 153
- 9.15 Comparison of the results of different dating procedures 154
- 9 .15.1 Turning point dates of the Austrian business cycle 155
- 9 .15.2 Turning point dates of the euro area business cycle 156
- 10. Concludlng remarks 161
- References 169
- Annex 177