Measuring and Analyzing the Common and Idiosyncratic Cycles: An Application for Turkish Manufacturing Industry

Authors

  • Emel Siklar Anadolu University
  • Ilyas Siklar Anadolu University

DOI:

https://doi.org/10.5296/ber.v11i2.18542

Abstract

This study uses the Butterworth filter to decompose cyclical signals at low and high frequencies in the production data of the manufacturing industry and its sub-sectors. At low frequencies, the production trend exhibits considerable differences among industrial activities while most of the sub-sectors are more sensitive to common cycle than their own dynamics at high frequencies. Moreover, it is predicted that changes in the manufacture of basic metals sub-sector production can be used as a leading indicator for the expansion and contraction periods of the common cycle estimated for the manufacturing industry.

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Published

2021-06-01

How to Cite

Siklar, E., & Siklar, I. (2021). Measuring and Analyzing the Common and Idiosyncratic Cycles: An Application for Turkish Manufacturing Industry. Business and Economic Research, 11(2), 279–300. https://doi.org/10.5296/ber.v11i2.18542

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Section

Articles