Dependent Business Climate. A Network-Based Analysis
Elena Doina Dascălu (),
Nicu Marcu (),
Ştefan Pete (),
Maria-Lenuţa Ulici () and
Vadim Dumitraşcu ()
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Elena Doina Dascălu: Romanian Court of Accounts.
Ştefan Pete: Romanian Court of Accounts
Maria-Lenuţa Ulici: IPAG Business School Paris & Commercial Academy Satu Mare, Romania
Vadim Dumitraşcu: Universitatea Creştină “Dimitrie Cantemir”.
Journal for Economic Forecasting, 2016, issue 1, 138-152
The relevance of business climate is widely used in various analyses, both scientific and practical. Long histories of such indicators are available on the main data platforms, and a strong interest to develop methodological tools aiming at measuring the market participants’ sentiments fed the general accepted paradigm that such indicators could quantify the qualitative side of the market behaviour and enhance the power of economic analyses. This paper applies the network analysis methodology on the series of business climate indicators, as labelled by the Datastream platform. We elaborate on the results obtained from this analysis and provide an analysis of the changes that took place before and after the economic crisis.
Keywords: business climate; dynamic network analysis; minimal spanning tree; survival rate (search for similar items in EconPapers)
JEL-codes: M21 F23 (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2016:i:1:p:138-152
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