| Titre | Écart conjoncturels et croissance dans six économies de l'OCDE | |
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| Auteur | Pierre-Yves Hénin, Jean Chateau | |
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Revue | Economie et prévision |
| Numéro | no 112, 1994/1 | |
| Page | 1-18 | |
| Résumé anglais |
Economie Deviations and Growth in Six OECD Economies,
by Jean Chateau and Pierre-Yves Hénin.
A number of studies in recent years have broken down GDP into cyclical and growth components. Yet various questions have been raised about breakdowns made using a purely statistical approach. This article chooses to use the OECD breakdown between potential product and economic deviation in order to include it in bivariate modelling.
The study proposes a statistical evaluation of GDP dynamics in six OECD economies as resulting from two orthogonal impulse sources: growth shocks and economic shocks, which are identified by the short- and long-run restrictions on their contributions within the framework of a semi-structural VAR. The results do not corroborate the Nelson and Plosser conclusion (1982), but rather support a dichotomous vision whereby growth impulses contribute very little to economic deviation. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1994_num_112_1_5648 |
