Effetti di persistenza in un modello disaggregato del prodotto in Italia
This paper builds on recent works dealing with the measurement of the long-run response of output to system-wide shocks at a multisectoral level. The analysis is carried out at aggregate and sectoral level using a vector autoregression framework on Italian value added annual data from 1952 to 1997,...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Bologna
2007-10-01
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| Series: | Statistica |
| Online Access: | http://rivista-statistica.unibo.it/article/view/355 |
| _version_ | 1818199409604689920 |
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| author | Marco Centoni Roberto Zelli |
| author_facet | Marco Centoni Roberto Zelli |
| author_sort | Marco Centoni |
| collection | DOAJ |
| description | This paper builds on recent works dealing with the measurement of the long-run response of output to system-wide shocks at a multisectoral level. The analysis is carried out at aggregate and sectoral level using a vector autoregression framework on Italian value added annual data from 1952 to 1997, disaggregated by eight sectors. The persistence is measured under models that impose simultaneously short-run common feature and long-run cointegration restrictions. Further, the paper examines the time profile of the persistent effect of shocks on the economy, the "persistence profiles", providing information on the speed of convergence to the new equilibrium. |
| first_indexed | 2024-12-12T02:21:19Z |
| format | Article |
| id | doaj.art-468780b64534422fbcbbb573c198ae37 |
| institution | Directory Open Access Journal |
| issn | 0390-590X 1973-2201 |
| language | English |
| last_indexed | 2024-12-12T02:21:19Z |
| publishDate | 2007-10-01 |
| publisher | University of Bologna |
| record_format | Article |
| series | Statistica |
| spelling | doaj.art-468780b64534422fbcbbb573c198ae372022-12-22T00:41:40ZengUniversity of BolognaStatistica0390-590X1973-22012007-10-0163230933110.6092/issn.1973-2201/355347Effetti di persistenza in un modello disaggregato del prodotto in ItaliaMarco Centoni0Roberto Zelli1Università del MoliseUniversità di Roma “La Sapienza”This paper builds on recent works dealing with the measurement of the long-run response of output to system-wide shocks at a multisectoral level. The analysis is carried out at aggregate and sectoral level using a vector autoregression framework on Italian value added annual data from 1952 to 1997, disaggregated by eight sectors. The persistence is measured under models that impose simultaneously short-run common feature and long-run cointegration restrictions. Further, the paper examines the time profile of the persistent effect of shocks on the economy, the "persistence profiles", providing information on the speed of convergence to the new equilibrium.http://rivista-statistica.unibo.it/article/view/355 |
| spellingShingle | Marco Centoni Roberto Zelli Effetti di persistenza in un modello disaggregato del prodotto in Italia Statistica |
| title | Effetti di persistenza in un modello disaggregato del prodotto in Italia |
| title_full | Effetti di persistenza in un modello disaggregato del prodotto in Italia |
| title_fullStr | Effetti di persistenza in un modello disaggregato del prodotto in Italia |
| title_full_unstemmed | Effetti di persistenza in un modello disaggregato del prodotto in Italia |
| title_short | Effetti di persistenza in un modello disaggregato del prodotto in Italia |
| title_sort | effetti di persistenza in un modello disaggregato del prodotto in italia |
| url | http://rivista-statistica.unibo.it/article/view/355 |
| work_keys_str_mv | AT marcocentoni effettidipersistenzainunmodellodisaggregatodelprodottoinitalia AT robertozelli effettidipersistenzainunmodellodisaggregatodelprodottoinitalia |