An empirical assessment of business cycle asymmetries: evidence from Malaysia

Asymmetry is a key feature to understand the different behavior of expansions and recessions, and it provides a stylized fact that business cycle models should help to explain. This paper intends adopt Clements and Krolzig (2003) parametric tests to determine the asymmetric properties of business cy...

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Bibliographic Details
Main Author:	Abdul Manap, Turkhan Ali
Format:	Conference or Workshop Item
Language:	English
Published:	2009
Subjects:	H Social Sciences (General) HA Statistics HB3711 Business cycles. Economic fluctuations
Online Access:	http://irep.iium.edu.my/12218/ http://irep.iium.edu.my/12218/1/An_Assessment_of__Business_Asymetry_in_Malaysia_conference_version.pdf

id	iium-12218
recordtype	eprints
spelling	iium-122182013-03-20T01:35:51Z http://irep.iium.edu.my/12218/ An empirical assessment of business cycle asymmetries: evidence from Malaysia Abdul Manap, Turkhan Ali H Social Sciences (General) HA Statistics HB3711 Business cycles. Economic fluctuations Asymmetry is a key feature to understand the different behavior of expansions and recessions, and it provides a stylized fact that business cycle models should help to explain. This paper intends adopt Clements and Krolzig (2003) parametric tests to determine the asymmetric properties of business cycle fluctuations of Malaysia for the period from 1980Q1 to 2006Q4. In particular, we model the business cycles of Malaysia with the help of Markov Switching models and then apply the recently proposed parametric tests by Clements and Krolzig (2003) to test for three types of asymmetry of business cycle: steepness, deepness and sharpness. 2009 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/12218/1/An_Assessment_of__Business_Asymetry_in_Malaysia_conference_version.pdf Abdul Manap, Turkhan Ali (2009) An empirical assessment of business cycle asymmetries: evidence from Malaysia. In: The International Conference on Islamic Economics and Economies of OIC Countries 2009, 29 April, 2009, Istana Hotel Kuala Lumpur. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HA Statistics HB3711 Business cycles. Economic fluctuations
spellingShingle	H Social Sciences (General) HA Statistics HB3711 Business cycles. Economic fluctuations Abdul Manap, Turkhan Ali An empirical assessment of business cycle asymmetries: evidence from Malaysia
description	Asymmetry is a key feature to understand the different behavior of expansions and recessions, and it provides a stylized fact that business cycle models should help to explain. This paper intends adopt Clements and Krolzig (2003) parametric tests to determine the asymmetric properties of business cycle fluctuations of Malaysia for the period from 1980Q1 to 2006Q4. In particular, we model the business cycles of Malaysia with the help of Markov Switching models and then apply the recently proposed parametric tests by Clements and Krolzig (2003) to test for three types of asymmetry of business cycle: steepness, deepness and sharpness.
format	Conference or Workshop Item
author	Abdul Manap, Turkhan Ali
author_facet	Abdul Manap, Turkhan Ali
author_sort	Abdul Manap, Turkhan Ali
title	An empirical assessment of business cycle asymmetries: evidence from Malaysia
title_short	An empirical assessment of business cycle asymmetries: evidence from Malaysia
title_full	An empirical assessment of business cycle asymmetries: evidence from Malaysia
title_fullStr	An empirical assessment of business cycle asymmetries: evidence from Malaysia
title_full_unstemmed	An empirical assessment of business cycle asymmetries: evidence from Malaysia
title_sort	empirical assessment of business cycle asymmetries: evidence from malaysia
publishDate	2009
url	http://irep.iium.edu.my/12218/ http://irep.iium.edu.my/12218/1/An_Assessment_of__Business_Asymetry_in_Malaysia_conference_version.pdf
first_indexed	2023-09-18T20:21:27Z
last_indexed	2023-09-18T20:21:27Z
_version_	1777408134411714560

An empirical assessment of business cycle asymmetries: evidence from Malaysia

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