ASYMMETRIES IN BUSINESS CYCLES AND THE ROLE OF OIL PRICES
We estimate asymmetries in innovations to Solow residuals for 11 Organization for Economic Co-operation and Development (OECD) countries using stochastic frontier analysis. Likelihood ratio statistics and variance ratios imply that all countries with net energy imports have significant negative asym...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |