The duration of economic expansions and recessions : more than duration dependence
One widespread idea in the business cycles literature is that the older is an expansion or contraction, the more likely it is to end. This paper tries to provide further empirical support for this idea of positive duration dependence and, at the same time, control for the effects of other factors li...
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| Format: | article |
| Language: | eng |
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2009
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| Online Access: | http://hdl.handle.net/1822/12013 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/12013 |