Page - 179 - in The Austrian Business Cycle in the European Context
Image of the Page - 179 -
Text of the Page - 179 -
179
Figure A 1 a: Bry-Boschan turning points for Austrian gross value
added excluding agriculture and forestry
mioE flrlt-oder difference
4 I .0 00 ~t----t---t----+------t-- !
41 .000 l----l---1----!----+---+---+----+----+---/-Fยทl-~~--+--l
44 .ODD -t----t---t----+----+---+---+---+----+-~~,--+---+----<
4 2 .000
40.000------+---+ ~
31.0 00 .... .,.r:!.._1----!----+---+---l
31.000 โขยทยทยทยท----1-- j ./ ,-
34.000..:; ........ ยทยทยทยทยทยทยทยทยทโขยทโขยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทlยทยทโขยทยทยทยทยทยทยทยทยทยทโขยทยทยทยทยทยทยทยทยทยทjยทยทยทยทยทยทยทยทยทยทยทยทยทยทยท:,lf/'ยท ยทยทยทยทยทยทยทยทยทยท~~-:ยท. _ _,_ __
-+
__
-+
__
-t_--t
32 .000 ยทยท1---+---+---+----iยทยทยทยท~/,_-+-_--+---+---+---+---11----l
30 .000 ยท1---+---+-----.oi'ยท ..... ~
. .---/1
2,.000 ... v
21 ,QQQ ยท! โขยทi,17โข
Aโข'-f~--f---lc---!-,I
---+---+---+---+---lf----t---1
1โข1178 3-1171 2ยท1111 1-1114 4-1111 3-1111 2-1112 1-1815 4-1117 3-2000 2-2003
HP Mered data
4 ,11 โขยทยทยทยทยทยทยท--<---+ ยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทIยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทโข i ยท---t---;,---t-----<~~-ยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยท .-ยฃ.
......
4 ,II 1----l---+----+----+---+---1---1----+---,,9----+--l
โข.โขโข +---+---+----+---+---l---1----+----1ยทยทยท;.ยทยทยทยท~ยทยท---/ +----,1----1
4,82 โขยทยทยทยทยทยทยทยทยทยทยทยทยทllยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทโขยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทโขยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทlยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทโขยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทtยทยทยทยทยทยท ยทยทยทยทยทยทt-ยทยทยทยทยทโข=-rl----i---t ..... I
โข.โข 1---1---+---+---l-i--+---+--_,/
..
โข L..--+---l---1-----l
4,51: ยทยทยทยทยทยทยทยท---ยทยทยทยทยทยทยทยท ยทยทยทยทยทยทยทยทยทยทยทยท ยท-ยทยทยท ยทยทยทยทยทยทยทยทยทยทยทยทlยทยทยทยท-ยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทllยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยท'Iยทยทยทยทยทยทยทยทยทยทยทยท,,-,ยทยทยท,
...
-.,,-6ยทยทยทยทf---l---ยทยทยทยทยทยท1ยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยท<1ยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทโข
:::: .ยทยทยทยทยทยทยทโข i /
4.52 i ยทยทยทยท7"'-C-........โข
,
___
t----+----t-----t-----t---t
โข .โข t-----+--+---f-ยท-ยทยท_ยทยท
-ยทยทยท.ยท
..
Jยฑ
... r.
-=-t----t---t---t----t---t---t
......
โข ,411 ,,..........T"
/V I
.. ........ +
..
-.
.... .?.::::c_---t_...,--::;cifยทยทยทยทยทยทยทยท I
:
~:_: ยทโข r <
___
-...
ยท
---1----+
1, __
--t---1----+----+----+----+--
1-1871 3-11711 2-1111 1-11,'4 4-1111 3.11,, 2-11,2 1โข1115 4-1117 3-2000 2ยท2003
IK ftHered data
4,91 .: ............... .,, /
.... , .. ~-ยทยทยทยทยทยทยทยท
4 ,I 4 ,t---+---+----t----+---+---r---+----tยทยทยทยท:cยทยทยท~ยทยทยท'
/_-+---1,----t
/
4,92 ยทโขยทยทยทยท--+----ยท1ยทยท ........ ,
โข...................โข... โขยทยทยทยทยท--+-----+-----1 _,--
โข.โข l---l---+---+--+---+---l---,../-~โ---+---4---1---l
4 ,51 +ยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยท+ยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยท1---+---ยทยทยท +----+--~/'""ยท
,_ยท,..'--+----+---+---1'----l
4,51 iยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทยทtยทยทยทยทยทยทยทยทยทยท ---+.-โ~-'ยทยทยทยทยทยทยทยท
:
:: ; :=====:=====:=====:======:==./=:,..:
...:~~====:======:=====:=====:======:=---i
โข.โข i----r------i-----i------,:::1:,-----+---+---+---t---,1----t-----t
4 .4 I ยทยทยทยทยทยทยทยทยทยทยทยทc,ยท
JP",-'--+"'---+--1--1----l----t----t----+---l
4,41 ~ยท. ~ ~ยทยทยทยทยทยทยทยทยทยทยทยท1---1----+----+----+---+---l---l
:~:_: !1r
...
โขโข1,โข7-โขโขโข-โขยทยท-ยทยทยทยท_-+---+---l---l---+----+----+---+---l---l
1-1171 3โข1171 2โข1111 1โข1114 4-1111 3โข1111 2โข1112 1โข1115 4โข1117 l-200D 2-2003
Source: Own calculations.
The Austrian Business Cycle in the European Context
Forschungsergebnisse der Wirtschaftsuniversitat Wien
- Title
- The Austrian Business Cycle in the European Context
- Author
- Marcus Scheiblecker
- Publisher
- PETER LANG - lnternationaler Verlag der Wissenschaften
- Location
- Frankfurt
- Date
- 2008
- Language
- English
- License
- CC BY 4.0
- ISBN
- 978-3-631-75458-0
- Size
- 14.8 x 21.0 cm
- Pages
- 236
- Keywords
- Economy, Wirtschaft, WIFO, Vienna
- Categories
- International
- Recht und Politik
Table of contents
- 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