An international investigation of the Austrian theory of the business cycle

Authors

  • Efthymios Tsionas
  • Tryphon Kollintzas
  • loanna Konstantakopoulou

Keywords:

Austrian theory, business cycles, causality, cointegration

Abstract

In this paper we investigate the validity of the Austrian theory of business cycle. We use international data that span 1980-2005 and we utilize the available information in the most efficient manner via unit panel root and panel cointegration analysis. The relationships among the variables of the Austrian theory of business cycle are investigated using cointegrating techniques. Our results are in favour of the Austrian theory.

JEL Classifications: E32, E51

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Published

10-06-2009

How to Cite

Tsionas, E., Kollintzas, T., & Konstantakopoulou, loanna. (2009). An international investigation of the Austrian theory of the business cycle. SPOUDAI Journal of Economics and Business, 59(1-2), 19–37. Retrieved from http://spoudai.org/index.php/journal/article/view/281

Issue

Vol. 59 No. 1-2 (2009): Vol 59, No 1-2 (2009)

Section

Articles

License

Copyright (c) 2009 SPOUDAI Journal of Economics and Business

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.