Regional business cycle phases in Japan
By: by Howard J. Wall
Contributors: Federal Reserve Bank of St. Louis
Series: Working paper -- 2006-053A; Working paper (Federal Reserve Bank of St. Louis : Online) -- 2006-053A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2006
Place of publication: St. Louis, Mo.]
Language: eng
Format: [electronic resource] /
Description: "This paper uses a Markov-switching model with structural breaks to characterize and compare regional business cycles in Japan for 1976-2005.  An early 1990s structural break meant a reduction in national and regional growth rates in expansion and recession, usually resulting in an increase in the spread between the two phases.  Although recessions tended to be experienced across a majority of regions throughout the sample period, the occurrence and lengths of recessions at the regional level have increased over time"--Federal Reserve Bank of St. Louis web site.
Notes: Title from PDF file as viewed on 10/2/2006.

Includes bibliographical references.

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Mode of access: World Wide Web.