The structure of the Australian growth process: A Bayesian model selection view of Markov switching
In this paper we examine the structure of the GDP growth process in Australia. Our objective is to determine whether the growth process exhibits well-defined business cycle features and whether any significant regime shifts have occurred in the mean and variance of the growth process, as well as its...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2005
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