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Record W2507462016

Identifying Recession and Expansion Periods in Croatia

2011· preprint· en· W2507462016 on OpenAlexaboutno aff
Ivo Krznar

Bibliographic record

VenueRePEc: Research Papers in Economics · 2011
Typepreprint
Languageen
FieldEconomics, Econometrics and Finance
TopicMonetary Policy and Economic Impact
Canadian institutionsnot available
Fundersnot available
KeywordsRecessionBusiness cycleEconomicsQuarter (Canadian coin)EconometricsGlobal recessionReal gross domestic productMacroeconomicsGeography
DOInot available

Abstract

fetched live from OpenAlex

In this paper business cycle turning points in Croatia are determined from early 1998 to the end of 2010. For the purpose of distinguishing the periods of recession from the periods of expansion in the Croatian economy three methods are used: simple analysis of quarterly GDP growth rates, the non-parametric Bry-Boschan algorithm and parametric Markov regime switching model. The results of the BryBoschan algorithm and the estimated Markov regime switching model clearly indicate that since 1998 the Croatian economy has undergone two recessions. The first recession ended in mid-1999. The second recession began in the third quarter of 2008 and has not yet ended, according to the data available for the end of 2010. In view of the short period of positive business activity growth in 2010, within the period of negative growth rates lasting from mid-2008, the simplest analysis of the quarterly growth rates on the basis of the “two consecutive negative (positive) GDP growth rates” cannot explain clearly the state of the business cycle in 2010. In the period between the two recessions, a long period of expansion in economic activity of almost nine years was recorded. The conclusions on the turning points separating the recession from the expansion periods are robust to the use of different methods of their determination. All the methods include quarterly GDP growth rate as a relevant measure of movements in the Croatian economy. However, the results of the estimated factor model, i.e. the estimated common component of the set of variables related to GDP, show that the determined turning points are not sensitive to the selection of the variable measuring economic activity.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.002
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.021
Threshold uncertainty score0.042

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.002
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0040.002
Science and technology studies0.0000.000
Scholarly communication0.0010.001
Open science0.0000.001
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0020.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.155
GPT teacher head0.329
Teacher spread0.173 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations7
Published2011
Admission routes1
Has abstractyes

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