Please use this identifier to cite or link to this item: http://buratest.brunel.ac.uk/handle/2438/9712
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dc.contributor.authorCaporale, GM-
dc.contributor.authorGil-Alana, LA-
dc.date.accessioned2015-01-13T11:26:38Z-
dc.date.available2014-
dc.date.available2015-01-13T11:26:38Z-
dc.date.issued2014-
dc.identifier.citationEconomic Modelling, 2014en_US
dc.identifier.urihttp://papers.ssrn.com/sol3/papers.cfm?abstract_id=2030860-
dc.identifier.urihttp://bura.brunel.ac.uk/handle/2438/9712-
dc.description.abstractThis paper analyses monthly hours worked in the US over the sample period 1939m1 – 2011m10 using a cyclical long memory model. This model, which is based on Gegenbauer processes, is characterised by autocorrelations decaying to zero cyclically and hyperbolically, with a spectral density that is unbounded at a non-zero frequency. One reason for choosing this specification is that the periodogram of the hours worked series has a peak at a frequency away from zero. The empirical results confirm that this model works extremely well for hours worked, and it is then employed to analyse their relationship with productivity. It is found that hours worked increase on impact in response to a technology shock (though the effect dies away rapidly), consistently with Real Business Cycle (RBC) models.en_US
dc.language.isoenen_US
dc.subjecthours workeden_US
dc.subjectfractional integrationen_US
dc.subjectcyclesen_US
dc.subject.othertechnology shocks-
dc.titlePersistence and cycles in US hours workeden_US
dc.typeArticleen_US
dc.relation.isPartOfEconomic Modelling-
dc.relation.isPartOfEconomic Modelling-
pubs.organisational-data/Brunel-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance-
pubs.organisational-data/Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance/Economics and Finance-
pubs.organisational-data/Brunel/University Research Centres and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups-
pubs.organisational-data/Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute for Ageing Studies-
Appears in Collections:Dept of Economics and Finance Research Papers

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