Page - 189 - in The Austrian Business Cycle in the European Context

189 Table A 3 a: Analysis of turning point sequences with respect to the reference series Austrian gross value added excluding agriculture FOD Average Lag at w.r., Reference Peaks Troughs All C:arlao aufF 3.2 -2 0.6 autCDE 4 4.33 4.17 autGDP 1.75 1.4 1.56 autGHI 1.33 -0.75 0.14 autGVA 0.2 1.8 1 autJK -0.75 0.25 -0.25 eurGDP -5 -1.5 -3.6 eurGDPex 0 -3.33 -1.67 aerCDE 1 2.6 1.89 aerF -2.75 2.4 0.11 aerGDP 6.33 -3 1.67 aerGHI 1.5 -3.5 -0.17 aerGVA 5 -3 1 qerGVAex 5 -3 1 aerJK -1.67 5.33 1.83 Nole: +/-) denotes a lag /lead) with respect to the reference series. Source: Own calculations. Median Laa at Peaks Troughs 2 -3.5 3 -0.5 0 0 0 -0.5 0 0 0 0.5 -8 -1.5 -4.5 -5 0.5 0 -2 2 6 -4.5 2 -3.5 6 -3 6 -3 -5 -0.5 Table A 3 b: Analysis of turning point sequences with respect to the reference series Austrian gross value added excluding agriculture HP Average Lag at w.r., Reference Peaks Troughs All C:arlao aufF -1 -2 -1.5 autCDE -1.6 2.4 0.4 autGDP -0.6 -0.75 -0.67 autGHI 1 -0.75 0.13 autGVA -0.6 0 -0.33 autJK -3.5 -1.4 -2.33 eurGDP 0.25 1.25 0.75 eurGDPex -3.4 0.2 -1.6 qerCDE 0.8 2.2 1.5 aerF -1.83 -0.2 -1.09 aerGDP -2.5 2.4 0.22 aerGHI -1.25 0.2 -0.44 aerGVA -1.8 0 -0.9 qerGVAex -2 2.6 0.56 aerJK -0.25 5.75 2.75 Nole: +/-) denotes a lag (lead) with respect to the reference series. Source: Own calculations. Median Lag