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Pregled bibliografske jedinice broj: 625779

Testing For Business Cycle Asymmetries: The Case Of Croatia


Šergo, Zdravko; Poropat, Amorino
Testing For Business Cycle Asymmetries: The Case Of Croatia // Economic Integration, Growth Prospects and Enlargment / Kandžija, Vinko ; Kumar, Andrej (ur.).
Rijeka: University of Rijeka, Faculty of Economics, 2012. str. 28-46


CROSBI ID: 625779 Za ispravke kontaktirajte CROSBI podršku putem web obrasca

Naslov
Testing For Business Cycle Asymmetries: The Case Of Croatia

Autori
Šergo, Zdravko ; Poropat, Amorino

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni

Knjiga
Economic Integration, Growth Prospects and Enlargment

Urednik/ci
Kandžija, Vinko ; Kumar, Andrej

Izdavač
University of Rijeka, Faculty of Economics

Grad
Rijeka

Godina
2012

Raspon stranica
28-46

ISBN
978-953-7813-13-0

Ključne riječi
business cycles, asymmetries, deepness, steepness, auto-regressive model, Croatia

Sažetak
We analyze asymmetries of the business cycle in the Croatian economy, using various annualized growth rate variables for a period of eighteen years (1992-2010), de-trended by Hodrick-Prescott filter, and following the Harding and Pagan procedure in determination of its turning points. The time series in which we are looking for asymmetries over the Croatian business cycle are monthly data sets: gross domestic product (GDP) ; industry production index (IND) ; construction production index (CONST) ; nominal total import in Euro (IMP) ; nominal total export in Euro (EXP) ; tourism arrivals (ARR) ; tourism overnight stays (ON) ; retail consumer price index (RPCI) ; nominal wage (WAGE) ; productivity in industry index (PROD) ; nominal narrow money (M1) ; real exchange rate (REAL) ; real NB discount rate (INTR) ; unemployment rate (UR) ; vacancy rate (VR). In testing the issue of asymmetries we used and the procedure consists of the application of the formal Sichel’s tests, which allows for two types of asymmetry in mean to be tested: steepness and deepness. Steepness occurs when contractions are steeper than expansions, whilst deepness is found when troughs are deeper than peak heights. We explore whether the evidence of asymmetries can be associated to an asymmetric behavior over the business cycle by augmented autoregressive models, too.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
147-1470497-0857 - Agroturizam element održivog ruralnog razvoja
147-1470497-3034 - Valorizacija selektivnih oblika turizma u održivom razvitku ruralnih prostora (Ružić, Pavlo, MZOS ) ( POIROT)

Ustanove:
Institut za poljoprivredu i turizam, Poreč

Profili:

Avatar Url Zdravko Šergo (autor)

Avatar Url Amorino Poropat (autor)


Citiraj ovu publikaciju

Šergo, Zdravko; Poropat, Amorino
Testing For Business Cycle Asymmetries: The Case Of Croatia // Economic Integration, Growth Prospects and Enlargment / Kandžija, Vinko ; Kumar, Andrej (ur.).
Rijeka: University of Rijeka, Faculty of Economics, 2012. str. 28-46
Šergo, Z. & Poropat, A. (2012) Testing For Business Cycle Asymmetries: The Case Of Croatia. U: Kandžija, V. & Kumar, A. (ur.) Economic Integration, Growth Prospects and Enlargment. Rijeka, University of Rijeka, Faculty of Economics, str. 28-46.
@inbook{inbook, year = {2012}, pages = {28-46}, keywords = {business cycles, asymmetries, deepness, steepness, auto-regressive model, Croatia}, isbn = {978-953-7813-13-0}, title = {Testing For Business Cycle Asymmetries: The Case Of Croatia}, keyword = {business cycles, asymmetries, deepness, steepness, auto-regressive model, Croatia}, publisher = {University of Rijeka, Faculty of Economics}, publisherplace = {Rijeka} }
@inbook{inbook, year = {2012}, pages = {28-46}, keywords = {business cycles, asymmetries, deepness, steepness, auto-regressive model, Croatia}, isbn = {978-953-7813-13-0}, title = {Testing For Business Cycle Asymmetries: The Case Of Croatia}, keyword = {business cycles, asymmetries, deepness, steepness, auto-regressive model, Croatia}, publisher = {University of Rijeka, Faculty of Economics}, publisherplace = {Rijeka} }




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