readme_ascii_data.txt

Comments on files containing variables in ascii format

Author:
Klaus Reiner Schenk-Hoppé

Institute for Empirical Research in Economics
Department of Economics
University of Zurich
Bluemlisalpstrasse 10
CH-8006 Zurich
Switzerland

Phone:    +41 (0)1-6343714
Fax:      +41 (0)1-6344907
E-mail:   klaus@iew.unizh.ch
Web page: http://www.iew.unizh.ch/home/klaus

Article:
"Economic Growth and Business Cycles: A Critical Comment on Detrending Time Series",
Studies in Nonlinear Dynamics and Econometrics, Vol. 5, forthcoming.

Last update: December 11, 2001


VARIABLES

A = 0.95
B = 0.95
phi_overline = 0.005
rho_overline = 0.0005

case 1: alpha = 0.75 and delta = 0.9
case 2: alpha = 0.25 and delta = 0.9
case 3: alpha = 0.25 and delta = 0.1


TIMESERIES OF VARIABLES

Note that 600 pre-iterations are carried out (see solow_detrending.m)
Detrending is carried out with the last 200 data of each series

[case] refers to the number of the case the data correspond to (case is 1,2, or 3)


a: state of technical progress
in file data[case]_a.ascii

z: determining fluctuation of investment
in file data[case]_z.ascii

t: time in quarters (used in plots)
in file data[case]_time.ascii

k: capital intensity
in file data[case]_k.ascii

y: output intensity
in file data[case]_y.ascii

Y: output
in file data[case]_GDP.ascii

K: capital stock
in file data[case]_CapitalStock.ascii


Business Cycle data on Log(Y) (logarithm of output)

Actual cycle
in file data[case]_ActualCycleLogGDP.ascii

Baxter-King cycle
in file data[case]_BPLogGDP.ascii

Hodrick-Prescott cycle
in file data[case]_HPLogGDP.ascii


Business Cycle data on Log(K) (logarithm of capital stock)

Actual cycle
in file data[case]_ActualCycleLogCapitalStock.ascii

Baxter-King cycle
in file data[case]_BPLogCapitalStock.ascii

Hodrick-Prescott cycle
in file data[case]_HPLogCapitalStock.ascii