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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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2009
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| 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 |
| _version_ | 1848777415176749056 |
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| author | Abdul Manap, Turkhan Ali |
| author_facet | Abdul Manap, Turkhan Ali |
| author_sort | Abdul Manap, Turkhan Ali |
| building | IIUM Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-14T14:45:37Z |
| format | Proceeding Paper |
| id | iium-12218 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T14:45:37Z |
| publishDate | 2009 |
| recordtype | eprints |
| repository_type | Digital Repository |
| 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 Proceeding Paper 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) |
| 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 |
| title | 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_short | An empirical assessment of business cycle asymmetries: evidence from Malaysia |
| title_sort | empirical assessment of business cycle asymmetries: evidence from malaysia |
| topic | H Social Sciences (General) HA Statistics HB3711 Business cycles. Economic fluctuations |
| url | http://irep.iium.edu.my/12218/ http://irep.iium.edu.my/12218/1/An_Assessment_of__Business_Asymetry_in_Malaysia_conference_version.pdf |