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dc.contributor.authorCassou, Steven P.
dc.contributor.authorVázquez Pérez, Jesús
dc.date.accessioned2012-01-31T13:10:18Z
dc.date.available2012-01-31T13:10:18Z
dc.date.issued2009-12
dc.identifier.issn1988-088X
dc.identifier.urihttp://hdl.handle.net/10810/6570
dc.description.abstractThis paper extends the technique suggested by den Haan (2000) to investigate contemporaneous as well as lead and lag correlations among economic data for a range of forecast horizons. The technique provides a richer picture of the economic dynamics generating the data and allows one to investigate which variables lead or lag others and whether the lead or lag pattern is short term or long term in nature. The technique is applied to monthly sectoral level employment data for the U.S. and shows that among the ten industrial sectors followed by the U.S. Bureau of Labor Statistics, six tend to lead the other four. These six have high correlations indicating that the structural shocks generating the data movements are mostly in common. Among the four lagging industries, some lag by longer intervals than others and some have low correlations with the leading industries indicating that these industries are partially influenced by structural shocks beyond those generating the six leading industries.es
dc.description.sponsorshipSome of this research was supported by the Spanish Ministry of Education and Science, grant numbers SEJ2006-12793/ECON and SEJ2007-66592-C03-01-02/ECON. 2006-2009, Basque Government grants IT-214-07 and GME0702. Cassou would also like to thank Ikerbasque for financial support.es
dc.language.isoenges
dc.publisherUniversity of the Basque Country, Department of Foundations of Economic Analysis IIes
dc.relation.ispartofseriesDFAEII 2009.06
dc.rightsinfo:eu-repo/semantics/openAccesses
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/*
dc.subjectbusiness cycleses
dc.subjectsectoral employment comovementes
dc.subjectleading and lagging sectorses
dc.subjectforecast errorses
dc.titleEmployment comovements at the sectoral level over the business cyclees
dc.typeinfo:eu-repo/semantics/workingPaperes
dc.rights.holderAttribution-NonCommercial-ShareAlike 3.0 Unported*
dc.subject.jelE32
dc.subject.jelE37
dc.identifier.repecRePEc:ehu:dfaeii:2009.06es
dc.departamentoesFundamentos del análisis económico IIes_ES
dc.departamentoeuEkonomia analisiaren oinarriak IIes_ES
dc.subject.categoriaMACROECONOMICS AND MONETARY ECONOMICS
dc.subject.categoriaECONOMICS, ECONOMETRICS AND FINANCE


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Attribution-NonCommercial-ShareAlike 3.0 Unported
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-ShareAlike 3.0 Unported