| Description |
1 online resource (41 pages) |
| Series |
IMF working paper ; WP/04/136 |
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IMF working paper ; WP/04/136.
|
| Contents |
""Contents""; ""I. INTRODUCTION""; ""II. EXTRACTING BUSINESS CYCLES FROM NONSTATIONARY DATA""; ""III. DATA, SUMMARY STATISTICS AND CYCLE DEFINITION""; ""A. Chronology of the Caribbean Classical Cycle""; ""B. Chronology of the Caribbean Growth Cycle""; ""IV. COMPARISON OF CLASSICAL AND GROWTH CYCLES""; ""V. NONPARAMETRIC TESTS OF FEATURES OF CARIBBEAN BUSINESS CYCLES""; ""A. Rank Correlation and Duration Dependence""; ""B. Correlation and Concordance Statistics Comovement in Real GDP ( Classical Cycles)""; ""VI. CONCLUSION""; ""References"" |
| Summary |
This paper identifies and describes key features of Caribbean business cycles during the period 1963-2003. In particular, the chronologies in the Caribbean classical cycle (expansions and contractions in the level of output) and growth cycle (periods of above-trend and below-trend rates of economic growth) are identified. It is found that Caribbean classical cycles are longer-lived than those of developed countries and non-Caribbean developing countries. While there are large asymmetries in the duration and amplitude of phases in the Caribbean classical cycle, on both measures the Caribbean growth cycle is much more symmetric. Further, there is some evidence of synchronization among the classical cycles of Caribbean countries, and stronger evidence of synchronization of Caribbean growth cycles |
| Notes |
"July 2004." |
|
At head of title: Western Hemisphere Department |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Business cycles -- Caribbean Area
|
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Business cycles
|
|
Economic policy
|
| SUBJECT |
Cariribean Area -- Economic policy
|
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Caribbean Area -- Economic policy
|
| Subject |
Caribbean Area
|
| Form |
Electronic book
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| Author |
International Monetary Fund. Western Hemisphere Department, issuing body.
|
| ISBN |
1282050915 |
|
9781282050914 |
|
9781451855845 |
|
1451855842 |
|
9781451900996 |
|
1451900996 |
| ISSN |
2227-8885 |
|
