Globalization Versus Segregation - Business Cycles Synchronization in Europe

Artikel

Globalization and business cycles are equally elusive economic phenomena; hence they represent a continuous research possibility and a source of possible inquiries due to their complex nature. The aim of the paper is to explain the synchronization of business cycles using the relationship between the growth rate of the GDP and FDI, considered as percentage of the GDP. The results show that there is no unique European business cycle, but two cores between which countries migrate and stress out the importance of the FDI channel in business cycle transmission. The future research d irections will employ fuzzy cluster techniques, used on a larger sample.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: CES Working Papers ; ISSN: 2067-7693 ; Volume: 4 ; Year: 2012 ; Issue: 4 ; Pages: 668-692 ; Iasi: Alexandru Ioan Cuza University of Iasi, Centre for European Studies

Classification and Topics

• Classification: Wirtschaft ; Business Fluctuations; Cycles ; Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications ; International Investment; Long-term Capital Movements ; International Business Cycles
• Subject: real convergence ; financial convergence ; economic and financial crises ; EMU Romania

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Enea, Sebastian Florian ; Palaºcã, Silvia
• Event: Veröffentlichung
• (who): Alexandru Ioan Cuza University of Iasi, Centre for European Studies
• (where): Iasi
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/198209
• Last update: 10.03.2025, 11:43 AM CET