Abstract

The asymmetry and non-linearity in real out put is one of important dynamic characteristics in economic cycle fluctuation. This paper employs the diagnostic test of time deformation to analyze Chinese real output time series. The result shows that: Chinese real output time series has the characteristics of asymmetric and non-linear in a certain degree; the range and the persistence in the expansion process of Chinese real output series are stronger than those in the tightening process, which means that China’s economic growth tends to be a continuatively high stage, and such round of economic cycle will have the bottom perch and the tendency to drag.

Key words

Real Output; Asymmetry; Non-linearity; Time Deformation

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