Theoretical and Applied Economics
No. 4 / 2013 (581)
Cyclical convergence of Central and Eastern European countries to the Euro area core. New methodological approach
The Bucharest University of Economic Studies
Oana Cristina POPOVICI
The Bucharest University of Economic Studies
Abstract. The current paper develops an analysis on the degree of business cycle convergence of the new member states of the EU towards the Euro area core (Germany, France, Italy, Belgium, Netherlands and Luxembourg) during 1996 – 2010.
Unlike the previous research, the study takes into consideration the similarity of cycles, and not their synchronization. Furthermore, from the methodological point of view, it explores the use of survey indicators in the analysis of the cycles, thus in addition to the traditional approach that employs the GDP. The results obtained through clusterization show that the degree of convergence towards Euro area core remains modest.
Contents
The global crisis: Challenges to the banking system
Contributions to assessing the relative dimension of agglomeration theories
Hysteresis in unemployment: an empirical research for three member states of the European Union
Economics: the primary lesson to be taught and learned, as update
Need to implement corporate governance in the Romanian companies
Aspects of labor market flexicurity in the Mediterranean and Anglo-Saxon models
Impact of economic models on European Union economies development
Cyclical convergence of Central and Eastern European countries to the Euro area core. New methodological approach
Models for the analysis of the labor market in Romania