TITLE:
Business Cycle: The Case of Gabon
AUTHORS:
Jean-Jacques Tony Ekomie
KEYWORDS:
Business Cycle; Band-pass Filter; Co-Movements; Concordance Index
JOURNAL NAME:
Modern Economy,
Vol.4 No.4,
April
30,
2013
ABSTRACT: This article identifies cycles of Gabon GDP,
those of its main components (consumption, investment, government spending, exports
and imports), and their characteristics (duration, severity and depth), using a
band-pass filter and according to the algorithm of Bry and Boschan. Synchronization
and the concordance of the cycles of GDP and those of its components are highlighted.
Similarly, the contributions of cycles of variables that make up the GDP to the
cycles of this greatness are studied according to Stock and Watson’s way (1998).