ASYMMETRIES IN BUSINESS CYCLES AND THE ROLE OF OIL PRICES
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DOI: 10.1017/s1365100517000360
Abstract: 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… read more here.
Keywords: role oil; business cycles; asymmetries business; solow residuals ... See more keywords