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Looking for Evolving Growth Rates and Cycles in British Industrial Production, 1700–1913

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  • Paul Newbold
  • Christos Agiakloglou

Abstract

An alternative analysis of an index of British industrial production for the years 1700–1913 is provided. The focus of attention is the components structure of this time series. Specifically, evidence of evolving growth rates and cycles is sought. The methodology employed is the standard autoregressive integrated moving average model building approach. In contrast with previous findings based on an alternative methodology, we find strong evidence against the hypothesis of evolving growth rates and little support for cycles of any substance.

Suggested Citation

  • Paul Newbold & Christos Agiakloglou, 1991. "Looking for Evolving Growth Rates and Cycles in British Industrial Production, 1700–1913," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 154(2), pages 341-348, March.
    • Handle: RePEc:bla:jorssa:v:154:y:1991:i:2:p:341-348
    DOI: 10.2307/2983044
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    Cited by:

    1. Cribari-Neto, Francisco, 1996. "On time series econometrics," The Quarterly Review of Economics and Finance, Elsevier, vol. 36(Supplemen), pages 37-60.
    2. Cribari-Neto, Francisco, 1993. "Unit roots, random walks and the sources of business cycles: a survey," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 47(3), July.
    3. Blumenschein, Karen & Johannesson, Magnus, 1998. "An experimental test of question framing in health state utility assessment," Health Policy, Elsevier, vol. 45(3), pages 187-193, September.

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