(Since when) Are East and West German business cycles synchronised?

Arbeitspapier

This paper analyses whether and since when East and West German business cycles are synchronised. We investigate real GDP, unemployment rates and survey data as business cycle indicators and employ several empirical methods. Overall, we find that the regional business cycles have synchronised over time. GDP-based indicators and survey data show a higher degree of synchronisation than the indicators based on unemployment rates. However, recently synchronisation among East and West German business cycles seems to become weaker, in line with international evidence.

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• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IWH Discussion Papers ; No. 7/2019

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models ; Business Fluctuations; Cycles ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
• Subject: business cycles ; synchronisation ; East Germany

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gießler, Stefan ; Heinisch, Katja ; Holtemöller, Oliver
• Event: Veröffentlichung
• (who): Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
• (where): Halle (Saale)
• (when): 2019

Further information

• Handle: http://hdl.handle.net/10419/193670
• URN: urn:nbn:de:gbv:3:2-107509