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Long Term Trends and Business Cycles


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The behaviour of long term, secular trends and shorter run, business cycle, movements in economic data have long been a concern of economists, statisticians and econometricians. The isolation and interpretation of cyclical movements was the basis for early empirical work in economics, while the early dynamic models were constructed to reproduce cyclical fluctuations. The first econometric models analysed the cyclical path of economies, while focusing attention on the processes that generate trends in economic variables has ...

Long Term Trends and Business Cycles 2002, Edward Elgar Publishing Ltd, Cheltenham

ISBN-13: 9781840647860