A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2018; you can also visit the original URL.
The file type is
There are two approaches for timing business cycles, namely "growth cycle" and "classical cycle". Though different, these approaches are complementary. This paper studies business cycles timing in 10 OPEC members based on Markov Switching Model, introduced by Hamilton (1989). The results show that after Qatar, Iran suffered the least probability of recession and enjoyed the highest probability of boom. Iran's economic growth among 10 countries however has been the ninth, putting it just above Nigeria.doaj:b26464cc15f84af998e1de0178e3cc6c fatcat:vf64y6l6evabnibsxoac3lpmpq