Theoretical and Applied Economics
No. 7 / 2013 (584)
Business cycles synchronization in the European Union: truth or challenge?
The Bucharest University of Economic Studies
Oana Cristina POPOVICI
The Bucharest University of Economic Studies
Abstract. This paper provides an updated picture of the degree of business cycles synchronization in the European Union, analyzing its evolution during 1999-2011. We use the Hodrick-Prescott filter to capture the relevant trends in the business cycles and the Pearson correlation coefficient to measure the degree of synchronization. The results obtained show that the highest level of business cycle synchronization with the Euro Area is reached by Finland and France, while Poland is by far the country with the most divergent business cycle.
Contents
Oltenia’s identity – A systemic approach of a tourism destination’s universe
Perspectives of economics – behavioural economics
Business cycles synchronization in the European Union: truth or challenge?
Saving and economic growth: An empirical analysis for Euro area countries
Security of M-Commerce transactions
A model for measuring value for money in professional sports
The influence of modern epistemological streams. The case of epistemological anarchism
From a holistic approach of public policy to co-governance
Reference vectors in economic choice
The economic and communication implications of tourism in Romania