Boom-bust cycles and crisis periods in the Philippines a regime-switching analysis
This study examines Philippine macroeconomic fluctuations using Markov regime-switching techniques. Using all available GDP data, an annual and a quarterly model are constructed to explain Philippine boom-bust cycles as switches into any of three states ? a moderate growth state, a low growth state...
| Published in: | The Philippine Review of Business and Economics Vol. XXXIX, No. 1 (June 2002), p. [20]-37. |
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| Main Author: | |
| Format: | Analytics |
| Language: | English |
| Published: |
2002.
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| Subjects: |