Building a Monthly Chronology of Recessions for theState of Espírito Santo

BBR: Brazilian Business Review

关键词: business cycles;    recessions;    espírito santo;   

DOI  :  

来源: DOAJ

【 摘 要 】

The state of Espírito Santo has short-term fluctuations in its activity level ("business cycles")that are on average twice more volatile than fluctuations occurring in Brazil. In addition, thereare differences in terms of duration between cycles occurring in the state and country. Because ofthis, the objective of this work is to build a monthly chronology of recessions for the EspíritoSanto over theperiod betweenJanuary 1991 and March 2012. In terms ofmeans durations it wasfound that over the period analyzed the Espírito Santo wentthroughalargernumberofrecessionsthan Brazil. On the other hand, in terms of median durations, it was noted that recessions tend to last less in the state than in the country, despite its greater relat ive volatility. Together, these results provide the first empirical characterization of the recessionsthat occurred in the state inthe last 20 years as well as a comparison with the national context.

【 授权许可】

Unknown