Artikel
Examining the drivers of business cycle divergence between Euro Area and Romania
This research aims to provide an explanatory analyses of the business cycles divergence between Euro Area and Romania, respectively its drivers, since the synchronisation of output-gaps is one of the most important topic in the context of a potential EMU accession. According to the estimates, output-gaps synchronisation entered on a downward path in the subperiod 2010-2017, compared to 2002-2009. The paper demonstrates there is a negative relationship between business cycles divergence and three factors (economic structure convergence, wage structure convergence and economic openness), but also a positive relationship between it and its autoregressive term, respectively the GDP per capita convergence.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Theoretical and Applied Economics ; ISSN: 1844-0029 ; Volume: 27 ; Year: 2020 ; Issue: 2 ; Pages: 19-32 ; Bucharest: General Association of Economists From Romania (GAER)
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
International Business Cycles
Macroeconomic Issues of Monetary Unions
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
- Thema
-
output-gap
business cycles
divergence
Euro Area
Romania
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Jianu, Ionut
- Ereignis
-
Veröffentlichung
- (wer)
-
General Association of Economists From Romania (GAER)
- (wo)
-
Bucharest
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Jianu, Ionut
- General Association of Economists From Romania (GAER)
Entstanden
- 2020
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