Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: International evidence on business cycle magnitude dependence   Are expansions and recessions more likely to end as their magnitude
increases? In this paper we apply parametric hazard models to investigate this
issue in a sample of 16 countries from 1881 to 2000. For the total sample we
find evidence of positive magnitude dependence for recessions, while for
expansions we are not able to reject the null of magnitude independence. This
last result is likely due to a structural change in the mechanism guiding
expansions before and after the second World War. In particular, upturns show
negative magnitude dependence in the post-World War II sub-sample, meaning that
in this period expansions become less likely to end as their magnitude
increases.

27
The categories of this paper are: comp-gas
14
The categories of this paper are: math-ph
9
The categories of this paper are: nlin
30
The categories of this paper are: q-alg
10
The categories of this paper are: q-bio
21
The categories of this paper are: adap-org
35
The categories of this paper are: mtrl-th
32
The categories of this paper are: atom-ph
34
The categories of this paper are: chem-ph
11
The categories of this paper are: hep-lat
29
The categories of this paper are: funct-an
3
The categories of this paper are: physics
23
The categories of this paper are: solv-int
28
The categories of this paper are: alg-geom
7
The categories of this paper are: hep-th
15
The categories of this paper are: nucl-ex