A Pearson's test for symmetry with an application to the Spanish business cycle
ISSN: 1435-5469
Année de publication: 2002
Volumen: 4
Número: 3
Pages: 221-238
Type: Article
D'autres publications dans: Spanish economic review
Objectifs de Développement Durable
Résumé
Abstract. In this paper, we look for asymmetries in the Spanish business cycle. To that end, we firstly propose an easy nonparametric testing procedure to test for symmetry based on a Pearson's chi-squared statistic, which we call P-test. Then, we test for two popular forms of asymmetry, deepness and steepness, using a battery of nonparametric tests. In addition, we analyse possible complementarities between the tests used in this paper, and we compute p-value adjustments for multiple tests.