Measuring and Analyzing the Common and Idiosyncratic Cycles: An Application for Turkish Manufacturing Industry
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Rachel Male, 2010. "Developing Country Business Cycles: Characterising the Cycle," Working Papers 663, Queen Mary University of London, School of Economics and Finance.
- Hakan Berument & Zübeyir Kılınç & Eray M. Yücel, 2005.
"Business Cycles in Turkey and European Union Countries: A Perspective to the Membership,"
Sosyoekonomi Journal, Sosyoekonomi Society, issue 2005-1.
- Hakan Berument & M. Eray YŸcel & ZŸbeyir Kilin, 2005. "Business Cycles in Turkey and European Union Countries: A Perspective to the Membership," Working Papers 0506, Department of Economics, Bilkent University.
- Marianne Baxter & Robert G. King, 1999.
"Measuring Business Cycles: Approximate Band-Pass Filters For Economic Time Series,"
The Review of Economics and Statistics, MIT Press, vol. 81(4), pages 575-593, November.
- Marianne Baxter & Robert G. King, 1995. "Measuring Business Cycles Approximate Band-Pass Filters for Economic Time Series," NBER Working Papers 5022, National Bureau of Economic Research, Inc.
- Tom Doan, "undated". "BKFILTER: RATS procedure to implement band pass filter using Baxter-King method," Statistical Software Components RTS00026, Boston College Department of Economics.
- Rachel Male, 2011.
"Developing Country Business Cycles: Characterizing the Cycle,"
Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 47(0), pages 20-39, May.
- Rachel Male, 2010. "Developing Country Business Cycles: Characterising the Cycle," Working Papers 663, Queen Mary University of London, School of Economics and Finance.
- Aslihan Atabek & Evren Erdogan Cosar & Saygin Sahinöz, 2005. "A New Composite Leading Indicator for Turkish Economic Activity," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 41(1), pages 45-64, January.
- Levent, Korap, 2007. "Structural VAR identification of the Turkish business cycles," MPRA Paper 21971, University Library of Munich, Germany.
- C. Emre Alper, 2002. "Business Cycles, Excess Volatility, and Capital Flows: Evidence from Mexico and Turkey," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 38(4), pages 25-58, August.
- Harvey, A C & Jaeger, A, 1993. "Detrending, Stylized Facts and the Business Cycle," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 8(3), pages 231-247, July-Sept.
- Arthur F. Burns & Wesley C. Mitchell, 1946. "Measuring Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number burn46-1, February.
- Lawrence J. Christiano & Terry J. Fitzgerald, 2003.
"The Band Pass Filter,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(2), pages 435-465, May.
- Lawrence J. Christiano & Terry J. Fitzgerald, 1999. "The Band pass filter," Working Papers (Old Series) 9906, Federal Reserve Bank of Cleveland.
- Lawrence J. Christiano & Terry J. Fitzgerald, 1999. "The Band Pass Filter," NBER Working Papers 7257, National Bureau of Economic Research, Inc.
- Tom Doan, "undated". "CFFILTER: RATS procedure to perform band pass filter using Christiano-Fitzgerald method," Statistical Software Components RTS00034, Boston College Department of Economics.
- Adrian Pagan, 2010.
"Can Turkish Recessions Be Predicted?,"
Koç University-TUSIAD Economic Research Forum Working Papers
1027, Koc University-TUSIAD Economic Research Forum.
- Adrian Pagan, 2010. "Can Turkish Recessions be Predicted?," NCER Working Paper Series 63, National Centre for Econometric Research.
- Stock, James H. & Watson, Mark W., 1999.
"Business cycle fluctuations in us macroeconomic time series,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 1, pages 3-64,
Elsevier.
- James H. Stock & Mark W. Watson, 1998. "Business Cycle Fluctuations in U.S. Macroeconomic Time Series," NBER Working Papers 6528, National Bureau of Economic Research, Inc.
- Harun Alp & Yusuf Soner Baskaya & Mustafa Kilinc & Canan Yuksel, 2012. "Stylized Facts for Business Cycles in Turkey," Working Papers 1202, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Gomez, Victor, 2001. "The Use of Butterworth Filters for Trend and Cycle Estimation in Economic Time Series," Journal of Business & Economic Statistics, American Statistical Association, vol. 19(3), pages 365-373, July.
- Huseyin Cagri Akkoyun & Bahar Sen Dogan & Mahmut Gunay, 2011. "Turkiye Ekonomisi Is Cevrimlerinin Kuresel Ekonomi ile Iliskisi," CBT Research Notes in Economics 1119, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Matteo M. Pelagatti, 2005. "Business cycle and sector cycles," Econometrics 0503006, University Library of Munich, Germany.
- Mahir Binici & Yavuz Selim Hacihasanoglu & Samet Kutuk, 2016. "Turkiye’de Finansal Cevrimler ve Is Cevrimleri : Ne Kadar Farkli, Ne Kadar Baglantili?," CBT Research Notes in Economics 1626, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Gerhard Bry & Charlotte Boschan, 1971. "Cyclical Analysis of Time Series: Selected Procedures and Computer Programs," NBER Books, National Bureau of Economic Research, Inc, number bry_71-1, February.
- James H. Stock & Mark W. Watson, 1989.
"New Indexes of Coincident and Leading Economic Indicators,"
NBER Chapters, in: NBER Macroeconomics Annual 1989, Volume 4, pages 351-409,
National Bureau of Economic Research, Inc.
- Stock, J.H. & Watson, M.W., 1989. "New Indexes Of Coincident And Leading Economic Indicators," Papers 178d, Harvard - J.F. Kennedy School of Government.
- Unknown, 2001. "General Discussion," Proceedings of the 6th Agricultural and Food Policy Systems Information Workshop, 2000: Trade Liberalization Under NAFTA: Report Card on Agriculture 16839, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
- Finn E. Kydland & Carlos E. Zarazaga, 1997. "Is the business cycle of Argentina "different?"," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q IV, pages 21-36.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kamel Helali, 2022. "Markov Switching-Vector AutoRegression Model Analysis of the Economic and Growth Cycles in Tunisia and Its Main European Partners," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 656-686, March.
- Aiolfi, Marco & Catão, Luis A.V. & Timmermann, Allan, 2011.
"Common factors in Latin America's business cycles,"
Journal of Development Economics, Elsevier, vol. 95(2), pages 212-228, July.
- Mr. Allan Timmermann & Mr. Luis Catão & Mr. Marco Aiolfi, 2006. "Common Factors in Latin America's Business Cycles," IMF Working Papers 2006/049, International Monetary Fund.
- Timmermann, Allan & Aiolfi, Marco & Catão, LuÃs, 2010. "Common Factors in Latin America?s Business Cycles," CEPR Discussion Papers 7671, C.E.P.R. Discussion Papers.
- Viv B. Hall & Peter Thomson, 2021.
"Does Hamilton’s OLS Regression Provide a “better alternative” to the Hodrick-Prescott Filter? A New Zealand Business Cycle Perspective,"
Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 17(2), pages 151-183, November.
- Hall, Viv B & Thomson, Peter, 2020. "Does Hamilton’s OLS regression provide a “better alternative” to the Hodrick-Prescott filter? A New Zealand Business Cycle Perspective," Working Paper Series 21070, Victoria University of Wellington, School of Economics and Finance.
- Michael Funke & Harm Bandholz, 2003.
"In search of leading indicators of economic activity in Germany,"
Journal of Forecasting, John Wiley & Sons, Ltd., vol. 22(4), pages 277-297.
- Harm Bandholz & Michael Funke, 2001. "In Search of Leading Indicators of Economic Activity in Germany," CESifo Working Paper Series 571, CESifo.
- Harm Bandholz & Michael Funke, 2003. "In Search of Leading Indicators of Economic Activity in Germany," Quantitative Macroeconomics Working Papers 20307, Hamburg University, Department of Economics.
- Joao Valle e Azevedo & Siem Jan Koopman & Antonio Rua, 2003.
"Tracking Growth and the Business Cycle: a Stochastic Common Cycle Model for the Euro Area,"
Tinbergen Institute Discussion Papers
03-069/4, Tinbergen Institute.
- António Rua & João Valle e Azevedo & Siem Jan Koopman, 2003. "Tracking Growth and the Business Cycle: a Stochastic Common Cycle Model for the Euro Area," Working Papers w200316, Banco de Portugal, Economics and Research Department.
- Shirly Siew-Ling WONG & Chin-Hong PUAH & Shazali ABU MANSOR & Venus Khim-Sen LIEW, 2016. "Measuring Business Cycle Fluctuations: An Alternative Precursor To Economic Crises," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(4), pages 235-248.
- Ard den Reijer, 2006. "The Dutch business cycle: which indicators should we monitor?," DNB Working Papers 100, Netherlands Central Bank, Research Department.
- Viv B. Hall & Peter Thomson, 2022.
"A boosted HP filter for business cycle analysis:evidence from New Zealand's small open economy,"
CAMA Working Papers
2022-45, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Hall, Viv B & Thomson, Peter, 2022. "A boosted HP filter for business cycle analysis: evidence from New Zealand’s small open economy," Working Paper Series 21184, Victoria University of Wellington, School of Economics and Finance.
- Martyna Marczak & Víctor Gómez, 2017.
"Monthly US business cycle indicators: a new multivariate approach based on a band-pass filter,"
Empirical Economics, Springer, vol. 52(4), pages 1379-1408, June.
- Marczak, Martyna & Gómez, Victor, 2013. "Monthly US business cycle indicators: A new multivariate approach based on a band-pass filter," FZID Discussion Papers 64-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).
- Guido Bulligan & Lorenzo Burlon & Davide Delle Monache & Andrea Silvestrini, 2019.
"Real and financial cycles: estimates using unobserved component models for the Italian economy,"
Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 28(3), pages 541-569, September.
- Guido Bulligan & Lorenzo Burlon & Davide Delle Monache & Andrea Silvestrini, 2017. "Real and financial cycles: estimates using unobserved component models for the Italian economy," Questioni di Economia e Finanza (Occasional Papers) 382, Bank of Italy, Economic Research and International Relations Area.
- Alessandra Iacobucci & Alain Noullez, 2005.
"A Frequency Selective Filter for Short-Length Time Series,"
Computational Economics, Springer;Society for Computational Economics, vol. 25(1), pages 75-102, February.
- Alain Noullez & Alessandra Iacobucci, 2004. "A Frequency-selective Filter for Short-Length Time Series," Computing in Economics and Finance 2004 128, Society for Computational Economics.
- Alessandra Iacobucci & A. Noullez, 2005. "A Frequency Selective Filter for Short-Length Time Series," Post-Print hal-02477702, HAL.
- Alessandra Iacobucci & Alain Noullez, 2004. "A Frequency Selective Filter for Short-Length Time Series," Documents de Travail de l'OFCE 2004-05, Observatoire Francais des Conjonctures Economiques (OFCE).
- Brunhart, Andreas, 2019.
"Der neue Konjunkturindex "KonSens": Ein gleichlaufender, vierteljährlicher Sammelindikator für Liechtenstein,"
EconStor Preprints
225261, ZBW - Leibniz Information Centre for Economics.
- Andreas Brunhart, 2019. "Der neue Konjunkturindex „KonSens“: Ein gleichlaufender, vierteljährlicher Sammelindikator für Liechtenstein," Arbeitspapiere 62, Liechtenstein-Institut.
- Ghate, Chetan & Pandey, Radhika & Patnaik, Ila, 2013.
"Has India emerged? Business cycle stylized facts from a transitioning economy,"
Structural Change and Economic Dynamics, Elsevier, vol. 24(C), pages 157-172.
- Chetan Ghate & Radhika Pandey & Ila Patnaik, 2011. "Has India emerged? Business cycle stylized facts from a transitioning economy," Discussion Papers 11-05, Indian Statistical Institute, Delhi.
- Josefine Quast & Maik H. Wolters, 2022.
"Reliable Real-Time Output Gap Estimates Based on a Modified Hamilton Filter,"
Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 40(1), pages 152-168, January.
- Quast, Josefine & Wolters, Maik H., 2019. "Reliable Real-time Output Gap Estimates Based on a Modified Hamilton Filter," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203535, Verein für Socialpolitik / German Economic Association.
- Quast, Josefine & Wolters, Maik H., 2019. "Reliable real-time output gap estimates based on a modified Hamilton filter," IMFS Working Paper Series 133, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
- Quast, Josefine & Wolters, Maik H., 2020. "Reliable real-time output gap estimates based on a modified Hamilton filter," Kiel Working Papers 2158, Kiel Institute for the World Economy (IfW Kiel).
- Robert J. Hodrick, 2020. "An Exploration of Trend-Cycle Decomposition Methodologies in Simulated Data," NBER Working Papers 26750, National Bureau of Economic Research, Inc.
- Drew Creal & Siem Jan Koopman & Eric Zivot, 2010.
"Extracting a robust US business cycle using a time-varying multivariate model-based bandpass filter,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(4), pages 695-719.
- Drew Creal & Siem Jan Koopman & Eric Zivot, 2008. "Extracting a Robust U.S. Business Cycle Using a Time-Varying Multivariate Model-Based Bandpass Filter," Working Papers UWEC-2008-15-FC, University of Washington, Department of Economics.
- Brigitte Granville & Sana Hussain, 2017.
"Eurozone cycles: An analysis of phase synchronization,"
International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 22(2), pages 83-114, April.
- Brigitte Granville & Sana Hussain, 2014. "Eurozone cycles: an analysis of phase synchronization," Working Papers 56, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
- Berry A. Harahap & Pakasa Bary & Anggita Cinditya M. Kusuma, 2020.
"The Determinants of Indonesia’s Business Cycle,"
Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(special i), pages 215-235.
- Berry A. Harahap & Pakasa Bary & Anggita Cinditya M. Kusuma, 2018. "The Determinants Of Indonesian Business Cycle," Working Papers WP/30/2018, Bank Indonesia.
- Meller, Barbara & Metiu, Norbert, 2015. "The synchronization of European credit cycles," Discussion Papers 20/2015, Deutsche Bundesbank.
- Álvarez, Luis J. & Gómez-Loscos, Ana, 2018.
"A menu on output gap estimation methods,"
Journal of Policy Modeling, Elsevier, vol. 40(4), pages 827-850.
- Luis J. Álvarez & Ana Gómez-Loscos, 2017. "A menu on output gap estimation methods," Working Papers 1720, Banco de España.
More about this item
Keywords
Unobservable components; Butterworth filter; Idiosyncratic cycle;All these keywords.
JEL classification:
- R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
- Z0 - Other Special Topics - - General
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mth:ber888:v:11:y:2021:i:2:p:279-300. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Technical Support Office The email address of this maintainer does not seem to be valid anymore. Please ask Technical Support Office to update the entry or send us the correct address (email available below). General contact details of provider: http://www.macrothink.org/journal/index.php/ber .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.