@article{Taheri:334404,
      recid = {334404},
      author = {Taheri, Abouzar and Nessabian, Shahriyar and Moghaddasi,  Reza and Arbabi, Farzin and Damankeshideh, Marjan},
      title = {Business Cycles in Some Selected Oil Producing Countries:  Iran versus Three OECD Members},
      journal = {Applied Economics Journal},
      address = {2020},
      year = {2020},
      abstract = {This paper analyses the fluctuations of the business cycle  in selected oil-producing countries of the Organization for  Economic Co-operation and Development (OECD) and Iran  during the period 1970:Q1–2015:Q4. We start by using a  two-stage Hodrick–Prescott filtering process to extract a  cyclical component of GDP, then the modified BBQ algorithm  is used to identify the chronologies and some measures of  business cycle characteristics, and finally the main  features of business cycle fluctuations (persistence,  volatility, asymmetry, and synchronization) are estimated.  The results indicate the difference in the characteristics  of business cycle fluctuations in countries with different  levels of economic development. Both amplitude and severity  of Iran as a developing country were high, and average  duration of contraction was longer than expansion. As a  result, asymmetries in both steepness and deepness are  observed in Iran. Meanwhile, output persistence and  volatility in Iran were above and below that of three OECD  members’ average, respectively. The last part is based on  the three indices for evaluating synchronization. Other  findings reveal a high degree of synchronization between  countries except Iran.},
      url = {http://ageconsearch.umn.edu/record/334404},
      doi = {https://doi.org/10.22004/ag.econ.334404},
}