The portuguese business cycle: chronology and duration dependence
This paper tries to identify a chronology for the Portuguese business cycle and test for the presence of duration dependence in the respective phases of expansion and contraction. A duration-dependent Markov-switching vector autoregressive model is employed in that task. This model is estimated over...
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| Format: | article |
| Language: | eng |
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2015
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| Online Access: | http://hdl.handle.net/1822/38016 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/38016 |