48
Views
2
CrossRef citations to date
0
Altmetric
Original Articles

Sectoral shocks and business cycles: a disaggregated analysis of output fluctuations in the UK

Pages 1477-1482 | Published online: 04 Oct 2010

References

  • Abraham , K. G. and Katz , L. F. 1986 . Cyclical unemployment: sectoral shifts or aggregate disturbances? . Journal of Political Economy , 78 : 507 – 522 .
  • Caporale , G. M. 1990 . Essays in business cycle measurement , London School of Economics and Political Science . unpublished Ph.D. dissertation
  • Davis , S. J. 1987a . Fluctuations in the pace of labor reallocation . Carnegie Rochester Conference Series on Public Policy , 27 : 335 – 402 .
  • Davis , S. J. 1987b . Allocative disturbances and specific capital in real business cycle theories . American Economic Review Papers and Proceedings , 77 ( 2 ) : 326 – 332 .
  • Hamilton , J. D. 1986 . A neo-classical model of unemployment and the business cycle . Journal of Political Economy , 96 : 593 – 617 .
  • Harman , H. H. 1976 . Modern Factor Analysis , 3rd edition , Chicago : University of Chicago Press .
  • King , R. G. and Plosser , C. I. 1984 . Money, credit and prices in a real business cycle . American Economic Review , 74 : 363 – 380 .
  • Lee , K. C. , Pesaran , M. H. and Pierse , R. G. 1992 . Persistence of shocks and their sources in a multisectoral model of UK output growth . Economic Journal , 102 : 342 – 356 .
  • Lilien , D. M. 1982a . Sectoral shifts and cyclical unemployment . Journal of Political Economy , : 777 – 793 .
  • Lilien , D. M. 1982 . “ A sectoral model of the business cycle ” . In USC-MRG Working Paper
  • Long , J. B. and Plosser , C. I. 1983 . Real business cycles . Journal of Political Economy , 91 : 39 – 69 .
  • Long , J. B. and Plosser , C. I. 1987 . Sectoral versus aggregate shocks in the business cycle . American Economic Review Papers and Proceedings , 77 ( 2 ) : 333 – 336 .
  • Mulaik , S. A. 1972 . The Foundations of Factor Analysis , New York : McGraw Hill .
  • Murphy , K. and Topel , R. 1987 . “ The evolution of unemployment in the United States ” . In NBER Macroeconomic Annual , 11 – 57 . Cambridge , MA : MIT Press .
  • Pesaran , M. H. , Pierse , R. G. and Lee , K. C. 1993 . Persistence, cointegration and aggregation: a disaggregated analysis of output fluctuations in the U.S. economy . Journal of Econometrics , 56 : 57 – 88 .
  • Stockman , A. C. 1988 . Sectoral and national aggregate disturbances to industrial output in seven European countries . Journal of Monetary Economics , 21 : 387 – 409 .
  • Stock , J. H. and Watson , M. W. 1988 . Testing for common trends . Journal of the American Statistical Association , 83 : 1097 – 1107 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.