Please use this identifier to cite or link to this item:
https://scholarbank.nus.edu.sg/handle/10635/172878
Title: | SECTORAL EFFECTS OF BUSINESS CYCLES | Authors: | ALAN KUEK CHYE SOON | Issue Date: | 1997 | Citation: | ALAN KUEK CHYE SOON (1997). SECTORAL EFFECTS OF BUSINESS CYCLES. ScholarBank@NUS Repository. | Abstract: | This paper studies the short-run and long-run interactions between the sectors and the aggregate output in Singapore which is a small open economy. The vector autoregression technique is used to establish the short-run relationships and to detect Granger causality. Cointegration and error-correction models are used to determine the long-run equilibrium relations which the sectors have with the aggregate output. In the short-run, the study finds that the Manufacturing sector leads aggregate output, and aggregate output in turn leads Commerce and Quarrying sectors. The results also show that the Utilities and Agriculture & Fishing sectors are contemporaneous with aggregate output, while Construction and Transport & Communications sectors are independent of the business cycle. The results for the Financial & Business Services and Other Services sectors are however mixed. The results from cointegration and error-correction models indicate that only Agricultural & Fishing, Utilities, Manufacturing, Financial & Business and Other Services sectors have long-run equilibrium relationship with aggregate output. | URI: | https://scholarbank.nus.edu.sg/handle/10635/172878 |
Appears in Collections: | Bachelor's Theses |
Show full item record
Files in This Item:
File | Description | Size | Format | Access Settings | Version | |
---|---|---|---|---|---|---|
b20365433.pdf | 2.27 MB | Adobe PDF | RESTRICTED | None | Log In |
Google ScholarTM
Check
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.