A comparison of two alternative composite leading indicators for detecting Japanese business cycle turning points

被引:1
|
作者
Yamada, Hiroshi [1 ]
Nagata, Syuichi [2 ]
Honda, Yuzo [3 ]
机构
[1] Hiroshima Univ, Dept Econ, Higashihiroshima 7398525, Japan
[2] Hiroshima Univ, Grad Sch Social Sci, Higashihiroshima 7398525, Japan
[3] Osaka Univ, Sch Econ, Toyonaka, Osaka 560, Japan
关键词
SYNCHRONIZATION;
D O I
10.1080/13504850802570384
中图分类号
F [经济];
学科分类号
02 ;
摘要
The Organisation for Economic Cooperation and Development (OECD) has developed a system of Composite Leading Indicators (CLIs) for its member countries. On the other hand, the Japanese government has released another CLI for detecting the Japanese business cycle turning points. Both CLIs are widely used alternatives. These two CLIs may provide different business forecasts. When different forecasts occur, how can we interpret the discrepancies? This article tries to answer this question by clarifying their relationships.
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页码:875 / 879
页数:5
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