Studies in Nonlinear Dynamics and Econometrics

نویسندگان

  • Michael D. Bradley
  • Dennis W. Jansen
چکیده

We investigate business cycle dynamics for 26 countries, estimating a set of nonlinear models for real GDP where appropriate. We find a great deal of heterogeneity in the dynamics of real output growth across countries. At the same time, a common feature is the asymmetric response of real GDP to shocks and the tendency for negative real GDP shocks to be less persistent than positive real GDP shocks.

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تاریخ انتشار 1996