Economics, Econometrics and Finance
4 years ago

New model reveals hidden patterns in US sector production cycles

RePEc: Research Papers in Economics
A Multi-Level Panel Smooth Transition Autoregression for US Sectoral Production
Philip Hans Franses, Dennis Fok, Dick van Dijk

Paper Summary

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The researchers developed a model to analyze US sectoral production data, focusing on non-linear patterns in the data. By examining individual sectors separately and then combining them, they found differences in how sectors respond to economic cycles. This approach helps to better understand and predict overall industrial production trends.