Business Cycles in Kansai: Quarterly Disaggregation of Macroeconomic Time Series and a Statistical Investigation (in Japanese)

Abstract

This paper investigates the statistical characteristics of macroeconomic variables such as output, consumption and investment in Kansai region. We disaggregate annual data to quarter series by some econometrical methods and compare the basic statistics of the results to those of Japan, advanced economies and poor countries. We find that standard deviation, correlation to GDP, and serial correlation of Kansaiʼs disaggregated variables are roughly similar to those of Japan and advanced economies. We also find that in Kansai, fluctuations in the ratio of consumption and investment to output are smaller than in Japan.

Publication
The Osaka Gakuin review of economics