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.
Keywords: synchronization; business cycle; Euro area; European Union.
Contents
- Oltenia’s identity – A systemic approach
of a tourism destination’s universe
Aurelia-Felicia STĂNCIOIU
Nicolae TEODORESCU
Ion PÂRGARU
Andreea BOTOȘ
Anamaria-Cătălina RADU
- Perspectives of economics – behavioural economics
Paula-Elena DIACON
Gabriel-Andrei DONICI
Liviu-George MAHA
- Business cycles synchronization in the European Union: truth or challenge?
Cristina-Flavia TATOMIR
Oana Cristina POPOVICI
- Saving and economic growth:
An empirical analysis for Euro area countries
Elena-Adriana ANDREI
Cătălin-Emilian HUIDUMAC-PETRESCU
- Security of M-Commerce transactions
Ion IVAN
Daniel MILODIN
Alin ZAMFIROIU
- The influence of modern epistemological streams.
The case of epistemological anarchism
Grigore Ioan PIROȘCĂ
- From a holistic approach of public policy
to co-governance
Luminiţa-Gabriela POPESCU
- Reference vectors in economic choice
Teycir Abdelghani GOUCHA
- The economic and communication implications
of tourism in Romania
Claudia Elena PAICU
Diana Andreia HRISTACHE