Arbeitspapier
Trade Intensity and Output Synchronisation: On the Endogeneity Properties of EMU
Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging economies, we analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing between core and peripheral member states. The results support the specialisation paradigm rather than the endogeneity hypothesis. Evidence is found in the euro period of diverging patterns between the core and the peripheral EMU countries raising questions about the future stability of EMU.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 4172
- Classification
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Wirtschaft
Trade: General
Economic Integration
Trade: Forecasting and Simulation
Macroeconomic Aspects of International Trade and Finance: General
- Subject
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output synchronisation
trade intensity
endogeneity
European Monetary Union (EMU)
- Event
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Geistige Schöpfung
- (who)
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Caporale, Guglielmo Maria
De Santis, Roberta
Girardi, Alessandro
- Event
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Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
-
2013
- Handle
- Last update
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10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Caporale, Guglielmo Maria
- De Santis, Roberta
- Girardi, Alessandro
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2013
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