Data/hora: 02/06/2024 06:20:46

Provedor de dados: | 31
País: | United States
Título: | Business cycles in Mexico and the United States:  Do they share common movements?
Autores: | Herrera Hernandez,   Jorge.
Data: | 2008-09-25
Ano: | 2004
Palavras-chave: | Time series models; U.S. GDP; Mexican GDP; C32; O51; O54.
Resumo: | In this document I apply a recently developed econometric technique to prove the existence of common movements between time series. Said methodology is used to test and measure the existence of common cycles between the economies of Mexico and the United States for the 1993-2001 period. It is found that both economies share a common trend and a common cycle. Also, given the existence of one common cycle between these economies, it is found that transitory shocks affecting Mexico’s GDP are more important than when a conventional trend-cycle decomposition methodology is applied. Finally, it is shown that there are efficiency gains in forecasting by considering the common cycle restriction in a bivariate vector error correction model that includes the Mexican and the U.S. GDPs.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

Print ISSN 1514-0326    Online ISSN 1667-6726

http://purl.umn.edu/43550

Relação: | Journal of Applied Economics&gt;Volume 7, Number 2, November 2004
Formato: | 21