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dc.contributor.authorHolmes, Mark J.
dc.contributor.authorSilverstone, Brian
dc.date.accessioned2008-12-14T20:22:47Z
dc.date.available2008-12-14T20:22:47Z
dc.date.issued2007-09
dc.identifier.citationHolmes, M. J. & Silverstone, B. (2007). Business confidence and cyclical turning points: A Markov-Switching approach. (Department of Economics Working Paper Series, Number 19/07). Hamilton, New Zealand: University of Waikato.en_US
dc.identifier.urihttps://hdl.handle.net/10289/1606
dc.description.abstractMarkov regime-switching analysis is used to consider the relationship between business confidence and the probability of turning points in cyclical GDP. We find, in an application to New Zealand, that confidence is related to both the deepness and duration of the business cycle and is asymmetric regarding the probability of the economy remaining in a given regime. Overall, the New Zealand business confidence series is a useful indicator of cyclical turning points.en_US
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.relation.ispartofseriesDepartment of Economics Working Paper Series
dc.subjectbusiness confidenceen_US
dc.subjectbusiness cyclesen_US
dc.subjectMarkov-switchingen_US
dc.subjectNew Zealanden_US
dc.titleBusiness confidence and cyclical turning points: A Markov-Switching approachen_US
dc.typeWorking Paperen_US
uow.relation.series19/07


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