Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 1

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  sectoral cycle
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1
Publication available in full text mode
Content available

The UK business cycle and the structure of the economy

100%
Pater R.
Prace i Materiały Instytutu Rozwoju Gospodarczego SGH
|
2015
|
vol. 97: Economic cycles and uncertainty
67-93
EN
It is widely known that various sectors of an economy may react differently to the business cycle, and, on the other hand, it may be affected by sector specific shocks. Not much light has been shed so far on the impact of the business cycle on the structure of an economy, and vice versa. This study models and empirically tests the relationship, using data on the United Kingdom economy, 1963Q1-2011Q4. The structure of the economy is analyzed taking into account gross value added and employment in NACE Rev1.1 sections (6-branch division). Gross value added is additionally analyzed from the expenditure point of view. The unobserved component model and SVAR/SVEC models are used. The business cycle is found to influence and be influenced by the structure of the economy. Some effects may persist longer than one cycle, affecting the long-run path of the economy.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.