Business cycles synchronization in the European Union: truth or challenge?

Cristina-Flavia Tatomir and Oana Popovici
Additional contact information
Cristina-Flavia Tatomir: The Bucharest University of Economic Studies

Theoretical and Applied Economics, 2013, vol. XX, issue 7(584), 33-42

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. (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://store.ectap.ro/articole/878.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=878&rid=100 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xx:y:2013:i:7(584):p:33-42

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().