Title: Some Preliminary Findings on Hong Kong Business Cycles
Reference Number: 1001
Publication Date: March 2000
JEL Classifcation: E300, O530

Chi Fai Leung and Wing Suen
School of Economics and Finance, The University of Hong Kong

This paper presents some preliminary quantitative findings on the characteristics of business cycles in Hong Kong. The recently developed approximate band-pass filter is used to extract the fluctuations at business cycle frequencies (8 to 32 quarters) of macroeconomic time series. Based on the filtered time series, we identify the cyclical turning points, describe the pattern of output fluctuations, and examine the co-movement of various macroeconomic variables.

Published in Pacific Economic Review 6 (February 2001): pp 37-54.

Key words: Hong Kong Business Cycles

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Last modified: 01/22/2007