The properties of cycles in South Africa financial variables and their relation to the business cycle

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dc.contributor.authorBoshoff W.H.
dc.date.accessioned2011-05-15T15:57:41Z
dc.date.available2011-05-15T15:57:41Z
dc.date.issued2005
dc.description.abstractThe paper describes cyclicality in a range of local and international financial variables and their relation to cyclical behaviour in the South African real economy. Cycles are derived using a dating algorithm similar to that used to determine business cycle turning points and falls within the Burns-Mitchell tradition of business cycle analysis. Co-movement between phases in financial variables and similar phases in the business cycle are described using the concordance statistic, instead of the correlation statistic (which requires stationarity). This is a preliminary step in identifying financial variables that can act as leading indicators of economic activity. © 2005 Economic Society of South Africa.
dc.description.versionArticle
dc.identifier.citationSouth African Journal of Economics
dc.identifier.citation73
dc.identifier.citation4
dc.identifier.issn382280
dc.identifier.other10.1111/j.1813-6982.2005.00047.x
dc.identifier.urihttp://hdl.handle.net/10019.1/10539
dc.subjectbanking
dc.subjectfinance
dc.subjectforecasting method
dc.subjectAfrica
dc.subjectSouth Africa
dc.subjectSouthern Africa
dc.subjectSub-Saharan Africa
dc.titleThe properties of cycles in South Africa financial variables and their relation to the business cycle
dc.typeArticle
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