MULTICOUNTRY TESTS FOR THE OSCILLATOR MODEL WITH SLOWLY VARYING COEFFICIENTS

Citation
Jb. Ramsey et S. Keenan, MULTICOUNTRY TESTS FOR THE OSCILLATOR MODEL WITH SLOWLY VARYING COEFFICIENTS, Journal of economic behavior & organization, 30(3), 1996, pp. 383-408
Citations number
17
Categorie Soggetti
Economics
ISSN journal
01672681
Volume
30
Issue
3
Year of publication
1996
Pages
383 - 408
Database
ISI
SICI code
0167-2681(1996)30:3<383:MTFTOM>2.0.ZU;2-7
Abstract
This paper applies Ramsey's (1992) forced oscillator model discovered with US data to Canada, Japan, UK, Belgium, France, Germany, and Italy . We also examine the aggregate production index for consumer goods in the US. Thus, the model is applied to and the results checked against data that were not involved in the discovery of the model in the orig inal paper. The adequacy of the model is evaluated and international c omparisons are made. The similarity of the estimates for all of the da ta sets examined suggest that the model may be widely applicable for c onsumer goods production indices, although France and Italy provide pa rtial exceptions to this statement.