文章基本信息

标题：Clustering regional business cycles
本地全文：下载
作者：M. D. Gadea-Rivas ; Ana Gómez-Loscos ; Eduardo Bandrés 等
期刊名称：Documentos de Trabajo / Banco de España
印刷版ISSN：0213-2710
电子版ISSN：1579-8666
出版年度：2017
卷号：1
出版社：Banco de España
摘要：The aim of this paper is to show the usefulness of Finite Mixture Markov Models (FMMMs)for regional analysis. FMMMs combine clustering techniques and Markov Switching models,providing a powerful methodological framework to jointly obtain business cycle datingsand clusters of regions that share similar business cycle characteristics. An illustration withEuropean regional data shows the sound performance of the proposed method.
关键词：business cycles; clusters; regions; fi nite mixture Markov models.