Arbeitspapier
Business Cycles in EU Member States
The paper investigates the business cycle relationships between the EU-15, the EU-11, as well as the EU-core countries for the period 1971 to 1997. Emphasis is put on the question whether there is a synchronization in the national business cycles or not. Using One-way- and Twoway-Anova techniques the results show that country-specific shocks are important to the smaller countries such as Luxembourg, Ireland, Portugal, and Finland. But for most of the EMU-members common shocks are much more important than country-specific shocks. In addition there is no indication of significant differences in the national growth rates, i.e. the European countries do not move along diverging growth paths. Nevertheless, departures over the business cycles are possible because persistence in output growth differs across countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 99-16
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Other Economic Systems: International Trade, Finance, Investment and Aid
- Thema
-
Konjunkturzusammenhang
Schock
Vergleich
Entwicklungskonvergenz
Schätzung
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buscher, Herbert S.
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
1999
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Buscher, Herbert S.
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 1999
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